Is Prospect, 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, Prospect has remained a Seller's Market.
Housing Prices in Prospect, KY
How much do homes in Prospect, KY cost?
Median Sold Price
$680,611
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prospect was $680,611 in May 2024, up 4.5% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | $125K | -15.0% |
2 Bedrooms | $246K | $288.8K | +17.4% |
3 Bedrooms | $525K | $572.5K | +9.0% |
4 Bedrooms | $655.3K | $713.7K | +8.9% |
5+ Bedrooms | $860K | $965K | +12.2% |
Summary: Prospect housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
Prospect | $650K | $680.6K | +4.7% |
Prospect | $651K | $680.6K | +4.5% |
Northeast Jefferson | $440K | $451.3K | +2.6% |
East Jefferson | $368.1K | $377.2K | +2.5% |
Housing Supply in Prospect, KY
How many homes are available in Prospect, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
112 | 138 | +23.2% |
Summary: The Prospect real estate market had 138 homes for sale in May 2024, a 23.2% increase 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 | 14 | 19 | +35.7% |
3 Bedrooms | 32 | 41 | +28.1% |
4 Bedrooms | 35 | 40 | +14.3% |
5+ Bedrooms | 31 | 38 | +22.6% |
Summary: The Prospect 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 increased by 35.7%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 22.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 33 | +37.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Prospect in May 2024, up by 37.5% month-over-month. Of the 33 sold homes, 42% were sold under asking, 39% were sold at asking, and 18% were sold over asking.
Days on Market for Prospect, KY
We’re sorry, we don't have information for this market at the moment