Kentucky started 2024 with a total of 6,659 single-family homes on the market, with a median home price of $299,000 and an average price per square foot of $172.92. By the end of the year, inventory had increased to 8,847 homes on the market (+33%), with a median home price of $299,990 (+0%), and an average price per square foot of $199 (+15%).
At the start of 2024, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 77 days.
Kentucky started the year with 32.08% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 37.13% of homes for sale had taken a price cut.
