The Kentucky Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Kentucky

💡 Key Kentucky housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $207,548[1]#45 of 50 states43.4% lower
Median Listing Price $303,900[2]#39 of 50 states30.5% lower
Median Sale Price $255,800[3]#41 of 50 states37.3% lower
30 Year Mortgage Rate 6.92%[4]#10 of 50 states0.8% lower
Median Days on Market 49[5]#25 of 50 states1.8% shorter
Show more

Looking to buy or sell in Kentucky?

Enter your zip code to match with top agents in your area!

🗺️ Buying a house in the Kentucky real estate market

Kentucky has an affordability score of 4.9, meaning it takes 4.9 years of the median household income ($52,238) to afford Kentucky's median home sale price ($255,800). Because of this, we rank Kentucky as the 12th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $255,800[6]#41 of 50 states37.3% lower
30 Year Mortgage Rate 6.92%[7]#10 of 50 states0.8% lower
Median Household Income $52,238[8]#44 of 50 states19% lower
Affordability Ratio 4.9#12 of 50 states21.6% lower
Buyers Agent Commission 3.00%[9]#47 of 50 states12.2% higher
Show more

Resources for Kentucky home buyers

🗺️ Selling a house in the Kentucky real estate market

According to our detailed survey of Kentucky real estate agents, listing agents (those representing the seller) charge an average commission in Kentucky of 3%, which is the 14th highest in the United States. Buyers' agents charge an average commission of 3%, which is the 4th highest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $303,900[10]#39 of 50 states30.5% lower
Median Sale Price $255,800[11]#41 of 50 states37.3% lower
Median Days on Market 49[12]#25 of 50 states1.8% shorter
Buyer's Agent Commission 3.00%[13]#47 of 50 states12.2% higher
Listing Agent Commission 3.00%[14]#37 of 50 states5% higher
Show more

Resources for Kentucky home sellers

Moving to Kentucky

According to our recent moving trends survey[15], 6% of Americans indicated that they would choose to move to Kentucky if money were no object. Likewise, 6% of survey respondents indicated that they would move to Louisville among a choice of America's largest cities.

Here's how Kentucky cities rank in a number of our research studies.

StudyBest Kentucky cityRank
Best Pizza Cities[16]Louisville42nd best
Best Coffee Cities[17]Louisville16th best
Best LGBTQ Cities[18]Louisville27th best
Best Bike Cities[19]Louisville31st best
Best Commuter Cities[20]Louisville14th best
Show more

Article Sources

[1] Zillow – "Zillow Home Value Index". Updated April 30, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[3] Redfin – "Redfin Data Center". Updated March 2024.
[4] Bankrate – "Bankrate". Updated May 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[6] Redfin – "Redfin Data Center". Updated March 2024.
[7] Bankrate – "Bankrate". Updated May 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[11] Redfin – "Redfin Data Center". Updated March 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area
If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.