Is Rockcastle County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Rockcastle County was a Buyer's Market.
Housing Prices in Rockcastle County, KY
How much do homes in Rockcastle County, KY cost?
Median Sold Price
$169,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rockcastle County was $169,000 in May 2024, up 6.3% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $120K | $77.5K | -35.4% |
3 Bedrooms | $157K | $160K | +1.9% |
4 Bedrooms | $250.9K | $212.1K | -15.5% |
5+ Bedrooms | $240K | $630K | +162.5% |
Summary: Rockcastle County 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 decreased by 35.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes increased by 162.5%.
Median Sold Price Compared To Nearby Counties
Madison County | $260.8K | $283.5K | +8.7% |
Rockcastle County | $159K | $169K | +6.3% |
Lincoln County | $181.5K | $185K | +1.9% |
Laurel County | $206.1K | $207.3K | +0.6% |
Jackson County | $169.9K | $159.9K | -5.9% |
Housing Supply in Rockcastle County, KY
How many homes are available in Rockcastle County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 31 | +3.3% |
Summary: The Rockcastle County real estate market had 31 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 6 | 3 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rockcastle County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Rockcastle County in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Rockcastle County, KY
How long does it take to sell a home in Rockcastle County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 28 Days | +40.0% |
Summary: Homes in Rockcastle County had an average of 28 days on market in May 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Rockcastle County; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.