Updated February 17, 2020
- In 2020, the average time it takes to sell a home in Kentucky — from listing through closing — is approximately 73 days. That’s 38 days to get an offer, plus the typical 35-day closing period.
- Key factors that impact Kentucky home sale timelines include local market conditions (e.g., buyer demand, job market, rising home values, etc.), time of year, and your property’s type and condition.
- Your agent’s listing strategy (pricing, marketing, networking, etc.) and the buyer’s financing situation — i.e., the amount of time it takes for them to secure loan approval — will also influence how long your sale ultimately takes.
Read on to learn more about how long it takes to sell a house in Kentucky — and get some pro tips on how to speed up your sale, get better offers, and save thousands in the process.
What’s the average time to sell a house in Kentucky?
|Average Time to Sell*||Average Price**|
*Redfin Data Center (average of median days on market in 2019)
**Redfin Data Center (average of median price in 2019)
The average time it takes to sell a house in Kentucky in 2020 is 73 days — 38 days to get an offer and an additional 35 days to close. This is approximately 8.75% faster than the national average. Keep in mind that these are annual averages and the numbers will vary by month and/or season.
Best time to sell a house in Kentucky
In addition to the average days on market and list price data, we’ve compiled data on the BEST (and worst) time to sell your Kentucky house based on what’s most important to you:
- Fastest Time to Sell: When should you list your home if you’re looking to sell quickly?
- Highest Sale Price: What month should you list in to get the best possible price for your home?
Best month to sell a house fast in Kentucky
|Month*||Days on Market*|
|Best Month||June||29 days|
|Worst Month||January||55 days|
*Redfin Data Center (median days on market by month in 2019)
The best month to sell a house fast in Kentucky is June. The median time it takes for Kentucky homes listed in June to get an offer is 29 days, which is 9 days faster than the annual average.
Best month to sell a house in Kentucky for price
*Redfin Data Center (median sale price by month in 2019)
The best month to sell a house in Kentucky in terms of sale price is June. The median sale price in June is $200,000, which is 6.52% — or $12,250 — more than the annual average.
5 tips to get your Kentucky home sold
1. Fix things up
Did a hailstorm damage part of your roof, or knock loose a gutter? Take care of all small repairs before you list your home to sell. You want your home to show in its best condition, and to remove any small issues that could give a buyer pause.
It’s not advised to start any major home improvement projects, but touching up paint, replacing burnt-out lightbulbs, and tightening loose banisters means that these issues won’t distract potential buyers.
2. Stage your home to sell
Staging a home goes beyond decluttering and tidying up dirty laundry. It’s purposefully rearranging rooms, adding or subtracting furniture, and thinking about sightlines to present your home at its best.
Often staging can mean suggesting to a buyer how they would use a room to fit their needs, such as repurposing a room too small for a twin bed as a nursery. The idea is to appeal to your target demographic by showing your home how they would live in it.
3. Emphasize Kentucky’s rustic attractions
When your realtor writes up the listing description or any promotional posts on social media, get them to emphasize your home’s location in relation to some of Kentucky’s many rustic attractions.
Kentucky is known for its charming, small communities which support a thriving cultural community. If your house is near the Red River Gorge, Cumberland Falls, or Natural Bridge State Park, mention it in marketing materials. A close drive from a whiskey distillery or other attraction? Call that out.
You want potential buyers to not only dream of living in your home but also in your neighborhood.
4. Price your home competitively
Pricing your home competitively can help it move faster. It’s important to know what homes are selling for in your area, the condition of sold homes, and how your home compares. Price too high and no one will tour your house, price too low and buyers will wonder if you’re hiding a problem.
Clever Partner Agents will perform a free, no-obligation comparative market analysis of local trends to help you identify your home’s value. They also have experience implementing pricing strategies which could help your home sell for thousands more.
5. Negotiate effectively
Many home sellers become so focused on getting that first, or many offers that they don’t realize there are opportunities to make money after an offer is received.
Your realtor can help you negotiate the first purchase agreement, pointing out areas to either save money or increase your profit. Cost savings can be found in who pays for closing costs, or other items. Juggling multiple offers and making counteroffers can increase your final sale price.
After the home inspection the buyer is likely to request repairs or ask for a price reduction and handling these negotiations with skill can maximize your profit. Kentucky is very much a seller’s market at the moment, so you have a lot of power in this stage of the home selling process.
Next steps for Kentucky home sellers
If you’re looking to sell your home fast in Kentucky and get a great price, Clever can help.
Clever negotiates reduced rates with top-rated real estate agents throughout Kentucky. Get full service and support for a flat $3,000 listing fee — or just 1% if your home sells for more than $350,000. You’ll still have to offer a buyer’s agent commission, per the standard rate in your area (typically 2.5-3%), but overall, you’ll still save up to 50% on standard commission fees.
Importantly, home sellers who list with Clever get their first qualified offer in an average of 13 days* — that’s 25 days faster than the average time to offer in Kentucky.
*Average time to offer for Clever home sellers in 2019.