Is District 7, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, District 7 has remained a Seller's Market.
Housing Prices in District 7, KY
How much do homes in District 7, KY cost?
Median Sold Price
$303,662
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in District 7 was $303,662 in May 2024, down 3.6% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $178K | $190.6K | +7.1% |
3 Bedrooms | $269.5K | $276K | +2.4% |
4 Bedrooms | $425K | $449K | +5.6% |
5+ Bedrooms | $575K | $584.5K | +1.7% |
Summary: District 7 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
Ellerslie at Delong | $650K | $659K | +1.4% |
District 7 | $315K | $303.6K | -3.6% |
Housing Supply in District 7, KY
How many homes are available in District 7, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
126 | 120 | -4.8% |
Summary: The District 7 real estate market had 120 homes for sale in May 2024, a 4.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 60 | 52 | -13.3% |
4 Bedrooms | 32 | 32 | 0.0% |
5+ Bedrooms | 16 | 21 | +31.3% |
Summary: The District 7 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 39 | -23.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in District 7 in May 2024, down by 23.5% month-over-month. Of the 39 sold homes, 33% were sold under asking, 23% were sold at asking, and 44% were sold over asking.
Days on Market for District 7, KY
How long does it take to sell a home in District 7, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 14 Days | +57.2% |
Summary: Homes in District 7 had an average of 14 days on market in May 2024, up by 57.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in District 7; 85% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.