Is Frankfort, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Frankfort has remained a Seller's Market.
Housing Prices in Frankfort, KY
How much do homes in Frankfort, KY cost?
Median Sold Price
$230,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Frankfort was $230,000 in April 2024, the same as last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $135.5K | +41.1% |
2 Bedrooms | $151K | $155K | +2.6% |
3 Bedrooms | $227.8K | $235K | +3.1% |
4 Bedrooms | $277.5K | $275K | -0.9% |
5+ Bedrooms | $394.7K | $358.5K | -9.2% |
Summary: Frankfort housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in Frankfort, KY
How many homes are available in Frankfort, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
159 | 181 | +13.8% |
Summary: The Frankfort real estate market had 181 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 23 | 26 | +13.0% |
3 Bedrooms | 91 | 102 | +12.1% |
4 Bedrooms | 31 | 32 | +3.2% |
5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The Frankfort housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 56 | +21.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Frankfort in April 2024, up by 21.7% month-over-month. Of the 56 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Frankfort, KY
How long does it take to sell a home in Frankfort, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 34 Days | -1.2% |
Summary: Homes in Frankfort had an average of 34 days on market in Apr 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 56 homes were sold in Frankfort; 64% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.