Is Laurel County, 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, Laurel County has remained a Seller's Market.
Housing Prices in Laurel County, KY
How much do homes in Laurel County, KY cost?
Median Sold Price
$209,750
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Laurel County was $209,750 in April 2024, up 5% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.9K | $194K | +139.7% |
2 Bedrooms | $130K | $132.5K | +1.9% |
3 Bedrooms | $194.6K | $208.5K | +7.1% |
4 Bedrooms | $284.2K | $273.9K | -3.6% |
5+ Bedrooms | $336K | $327.5K | -2.5% |
Summary: Laurel County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.7%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Counties
Whitley County | $181.1K | $199K | +9.8% |
Pulaski County | $218.8K | $236.8K | +8.2% |
Knox County | $159.9K | $170K | +6.3% |
Laurel County | $199.7K | $209.7K | +5.0% |
Jackson County | $164.7K | $167.4K | +1.6% |
Housing Supply in Laurel County, KY
How many homes are available in Laurel County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
150 | 167 | +11.3% |
Summary: The Laurel County real estate market had 167 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 88 | 100 | +13.6% |
4 Bedrooms | 32 | 34 | +6.3% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Laurel County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 30 | +3.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Laurel County in April 2024, up by 3.4% month-over-month. Of the 30 sold homes, 63% were sold under asking, 17% were sold at asking, and 20% were sold over asking.
Days on Market for Laurel County, KY
How long does it take to sell a home in Laurel County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 59 Days | -15.1% |
Summary: Homes in Laurel County had an average of 59 days on market in Apr 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Laurel County; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.