Top Small Teams in Kentucky – Ranked By Sides

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2023 Kentucky Housing Market Summary

Kentucky started 2023 with a total of 6,012 single-family homes on the market, with a median home price of $280,000 and an average price per square foot of $160. By the end of the year, inventory had increased to 6,919 homes on the market (+15%), with a median home price of $299,000 (+6%) and an average price per square foot of $172 (+7%).

At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had remained the same at 70 days.

Kentucky started the year with 34% 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 33% of Kentucky homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Kentucky started 2023 as a seller’s market, with an MAI score of 44; by the end of the year, the MAI had dropped to 32 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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