Is Shelby 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, Shelby County has remained a Seller's Market.
Housing Prices in Shelby County, KY
How much do homes in Shelby County, KY cost?
Median Sold Price
$306,850
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shelby County was $306,850 in April 2024, up 3.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $169K | $58.5K | -65.4% |
2 Bedrooms | $193.7K | $208.1K | +7.4% |
3 Bedrooms | $274.8K | $292K | +6.2% |
4 Bedrooms | $340.8K | $363.4K | +6.6% |
5+ Bedrooms | $535K | $650K | +21.5% |
Summary: Shelby County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Counties
Henry County | $210K | $240K | +14.3% |
Anderson County | $229.9K | $242.5K | +5.5% |
Oldham County | $385.8K | $403.7K | +4.7% |
Shelby County | $295.3K | $306.8K | +3.9% |
Franklin County | $230.2K | $230K | -0.1% |
Housing Supply in Shelby County, KY
How many homes are available in Shelby County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
139 | 150 | +7.9% |
Summary: The Shelby County real estate market had 150 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 67 | 78 | +16.4% |
4 Bedrooms | 50 | 45 | -10.0% |
5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Shelby County 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 9.1%, 3 bedroom homes increased by 16.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 32 | -23.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Shelby County in April 2024, down by 23.8% month-over-month. Of the 32 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for Shelby County, KY
How long does it take to sell a home in Shelby County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 34 Days | -25.9% |
Summary: Homes in Shelby County had an average of 34 days on market in Apr 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Shelby County; 13% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.