Is East Bernstadt, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, East Bernstadt was a Neutral Market.
Key Takeaway
East Bernstadt is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Bernstadt, KY
How much do homes in East Bernstadt, KY cost?
Median Sold Price
$210,000
-
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in East Bernstadt have sold for 27.3% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $70K | N/A |
| 3 Bedrooms | $307.5K | $215K | -30.1% |
| 4 Bedrooms | $160K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: East Bernstadt housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East Bernstadt | $165K | $210K | +27.3% |
| Greenmount-Langnau | $200K | $235K | +17.5% |
Housing Supply in East Bernstadt, KY
How many homes are available in East Bernstadt, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The East Bernstadt real estate market had 16 homes for sale in May 2024, a 11.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Bernstadt housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Bernstadt, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in East Bernstadt in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for East Bernstadt, KY
How long does it take to sell a home in East Bernstadt, KY?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 174 Days | +225.7% |
Summary: Homes in East Bernstadt had an average of 174 days on market in May 2024, up by 225.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in East Bernstadt are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 5 homes were sold in East Bernstadt; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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