Is Okolona, 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, Okolona was a Seller's Market.
Housing Prices in Okolona, KY
How much do homes in Okolona, KY cost?
Median Sold Price
$220,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Okolona was $220,000 in May 2024, up 7.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $68K | N/A |
2 Bedrooms | $177K | $185K | +4.5% |
3 Bedrooms | $207K | $220K | +6.3% |
4 Bedrooms | $233.6K | $255K | +9.2% |
5+ Bedrooms | $220K | $282.4K | +28.4% |
Summary: Okolona 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 4.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 28.4%.
Housing Supply in Okolona, KY
How many homes are available in Okolona, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 44 | -8.3% |
Summary: The Okolona real estate market had 44 homes for sale in May 2024, a 8.3% 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 | 13 | 9 | -30.8% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Okolona 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 decreased by 30.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 7 | -66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Okolona in May 2024, down by 66.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Okolona, KY
We’re sorry, we don't have information for this market at the moment