Kentucky Real Estate Trends - A New Way to Look at Kentucky Realty

Kentucky Real Estate

The variety of listings available in the Kentucky real estate market highlights the state's division between urban splendor and bucolic fantasy. Approximately 30% of all Kentucky real estate listings are split between the cities of Louisville and Lexington while almost 35% are undeveloped land and farms

While both listing prices and sale prices have fluctuated over recent months, family housing remains a strong sector in the Kentucky real estate market. The number of Kentucky homes for sale has risen dramatically since the end of 2011. Even accounting for seasonal changes, the 50% rise is condo listings and 70% rise in single family homes indicates a renewed faith in the Kentucky real estate market. Buyers can enjoy the relatively low average prices (around the $200,000 mark for single family homes and $175,000 for condos) and sellers can now realistically expect to receive almost their full asking price. In the Kentucky condo and townhouse market, average sale prices are just 7% below average list prices.

The Kentucky real estate market's growth is encouraged by the state's positive attitude towards consumers. The Kentucky real estate commission maintains a consumer info resource page and the Northern Kentucky Association of Realtors provides buyers with a guide to financing the purchase of a home. In the legal arena, Kentucky fights to increase funding for the Affordable Housing trust by recovering unpaid recording fees from financial groups.

Map of Kentucky Cities - Average Listing Price Change

Kentucky Real Estate:
Largest Increase in Listing Price

City 3 mo.
Winchester, KY Real Estate
8.10%
Lawrenceburg, KY Real Estate
7.19%
Frankfort, KY Real Estate
6.57%
Murray, KY Real Estate
6.23%
Mount Sterling, KY Real Estate
5.41%

Kentucky Real Estate:
Largest Decrease in Listing Price

City 3 mo.
Harrodsburg, KY Real Estate
12.99%
Corbin, KY Real Estate
7.09%
Newport, KY Real Estate
5.90%
Louisville, KY Real Estate
4.49%
Vine Grove, KY Real Estate
4.36%

Kentucky Homes For Sale By City

Most Expensive Kentucky Homes for Sale by City

City Median $ 3 mo.
Prospect, KY Homes for Sale $609,329
3.05%
Union, KY Homes for Sale $422,994
0.15%
Crestwood, KY Homes for Sale $395,635
3.74%
Nicholasville, KY Homes for Sale $369,534
4.12%
Versailles, KY Homes for Sale $326,858
2.21%

Least Expensive Kentucky Homes for Sale by City

City Median $ 3 mo.
Covington, KY Homes for Sale $111,523
1.73%
Mayfield, KY Homes for Sale $141,079
2.59%
Radcliff, KY Homes for Sale $143,793
1.04%
Monticello, KY Homes for Sale $160,107
3.42%
Corbin, KY Homes for Sale $160,623
7.09%

Best Kentucky Cities for Families and Singles

Top 5 Kentucky Cities for Families

City Homes with
Children
Crime vs. Natl. Avg.
Fort Campbell, KY Local Info 79.00% 0.07
Fort Knox, KY Local Info 74.00% 0.09
Independence, KY Local Info 49.00% 0.33
Burlington, KY Local Info 43.00% 0.60
Shepherdsville, KY Local Info 41.00% 0.62

Top 5 Kentucky Cities for Singles

City Unmarried Female
to Male
Fort Campbell, KY Local Info 81.00% 40% / 60%
Newport, KY Local Info 78.00% 49% / 51%
Richmond, KY Local Info 78.00% 52% / 48%
Covington, KY Local Info 77.00% 49% / 51%
Fort Knox, KY Local Info 77.00% 42% / 58%
Methodology

Largest Increase in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.

Largest Decrease in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.

Most Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Least Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Top 5 Cities for Families Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.

Top 5 Cities for Singles Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.