Is Liberty Area, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Liberty Area has remained a Seller's Market.
Housing Prices in Liberty Area, KY
How much do homes in Liberty Area, KY cost?
Median Sold Price
$288,500
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Liberty Area was $288,500 in May 2024, down 5.4% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $237.7K | $250K | +5.2% |
3 Bedrooms | $263.7K | $273.2K | +3.6% |
4 Bedrooms | $475K | $470K | -1.1% |
5+ Bedrooms | $622.5K | $725K | +16.5% |
Summary: Liberty Area 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 increased by 5.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Neighborhoods
Hamburg | $579.5K | $600K | +3.5% |
Liberty Area | $305K | $288.5K | -5.4% |
Housing Supply in Liberty Area, KY
How many homes are available in Liberty Area, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 38 | -5.0% |
Summary: The Liberty Area real estate market had 38 homes for sale in May 2024, a 5.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 21 | 15 | -28.6% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Liberty Area housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Liberty Area in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Liberty Area, KY
How long does it take to sell a home in Liberty Area, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 27 Days | +3.6% |
Summary: Homes in Liberty Area had an average of 27 days on market in May 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Liberty Area; 91% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.