Is Scott County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Scott County was a Seller's Market.
Housing Prices in Scott County, KY
How much do homes in Scott County, KY cost?
Median Sold Price
$310,070
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Scott County was $310,070 in April 2024, up 10.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109K | $92.5K | -15.1% |
2 Bedrooms | $181.2K | $240K | +32.4% |
3 Bedrooms | $255K | $274.8K | +7.8% |
4 Bedrooms | $367.9K | $391K | +6.3% |
5+ Bedrooms | $480K | $480K | 0.0% |
Summary: Scott County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Bourbon County | $200K | $225K | +12.5% |
Scott County | $281.1K | $310K | +10.3% |
Woodford County | $310K | $339.7K | +9.6% |
Fayette County | $295.1K | $314.2K | +6.5% |
Harrison County | $191.5K | $197K | +2.9% |
Housing Supply in Scott County, KY
How many homes are available in Scott County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
266 | 302 | +13.5% |
Summary: The Scott County real estate market had 302 homes for sale in April 2024, a 13.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 143 | 153 | +7.0% |
4 Bedrooms | 89 | 110 | +23.6% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The Scott County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 50 | -9.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Scott County in April 2024, down by 9.1% month-over-month. Of the 50 sold homes, 40% were sold under asking, 34% were sold at asking, and 26% were sold over asking.
Days on Market for Scott County, KY
How long does it take to sell a home in Scott County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 40 Days | -15.5% |
Summary: Homes in Scott County had an average of 40 days on market in Apr 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in Scott County; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.