Is Rockcastle County, 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, Rockcastle County was a Buyer's Market.
Key Takeaway
Rockcastle County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockcastle County, KY
How much do homes in Rockcastle County, KY cost?
Median Sold Price
$169,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rockcastle County have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Rockcastle County was $169,000 in May 2024, up 6.3% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $120K | $77.5K | -35.4% |
| 3 Bedrooms | $157K | $160K | +1.9% |
| 4 Bedrooms | $250.9K | $212.1K | -15.5% |
| 5+ Bedrooms | $240K | $630K | +162.5% |
Summary: Rockcastle County 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 decreased by 35.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes increased by 162.5%.
Median Sold Price Compared To Nearby Counties
| Madison County | $260.8K | $283.5K | +8.7% |
| Rockcastle County | $159K | $169K | +6.3% |
| Lincoln County | $181.5K | $185K | +1.9% |
| Laurel County | $206.1K | $207.3K | +0.6% |
| Jackson County | $169.9K | $159.9K | -5.9% |
Housing Supply in Rockcastle County, KY
How many homes are available in Rockcastle County, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The Rockcastle County real estate market had 31 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rockcastle County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockcastle County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Rockcastle County in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Rockcastle County, KY
How long does it take to sell a home in Rockcastle County, KY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +40.0% |
Summary: Homes in Rockcastle County had an average of 28 days on market in May 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockcastle County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Rockcastle County; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.