Kentucky Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

October 1st, 2021
Updated October 1st, 2021

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Kentucky real estate trends

Real estate trends in Kentucky | Sellers | Buyers | Investors | The best and worst of Kentucky | Kentucky resources

Kentucky real estate trends (October 2021)

How is the real estate market in Kentucky?
🏠 Average home value: $171,052
📈 1.21% home value increase month over month
💰 Median sale price: $226,000
⏳ 52 days on the market
🔑 Homes on the market: 7,176
📆 0.8 months of housing inventory
🏦 30-year mortgage rate: 3.04%
💵 Average income: 59597
State of the market: B
Kentucky’s real estate market looks primed for a boom and rising listing prices reflect that. Combine that with very low inventory, and Kentucky sellers have reason for optimism.
*Data last updated October 2021

Kentucky is known for horse racing, bluegrass music, and bourbon — a reliable recipe for having a good time.

Kentucky's extensive network of state parks offer plenty of lush forests and outdoor activities, including the world's longest cave, Mammoth Cave, which has hosted tours since 1816.

Its major cities include Louisville, Lexington, Frankfurt, and Bowling Green, which offer plentiful restaurants, nightlife, and shopping.

If you're thinking of buying or selling in Kentucky, these Kentucky housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Kentucky

Kentucky real estate market forecast for sellers
⏰ Homes are selling 11.5 days faster than the annual average
💰 Homes are selling for $9,925 more than the annual average
💸 Average listing commission: 2.88%
💸 Average buyer's commission: 2.86%

How to sell a home in Kentucky

Cost to sell a home in Kentucky

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Buying a home in Kentucky

How much home you can buy with $300,000 in...
🏠 Louisville: 2,068 sq ft
🏡 Bowling Green: 1,970 sq ft
🏡 Lexington: 1,891 sq ft
🏠 Elizabethtown: 2,392 sq ft

Investing in Kentucky real estate

Best of Kentucky

Each month, we compare cities in Kentucky based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Kentucky
1. Paducah
2. London
3. Owensboro
4. Frankfort

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Worst of Kentucky

Each month, we compare cities in Kentucky based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Kentucky
1. Louisville/Jefferson County
2. Bowling Green
3. Elizabethtown-Fort Knox
4. Richmond-Berea

Kentucky resources

👋 Next Steps: Talk to an expert!

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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