Alright, let’s get right to it — if you’ve been wondering what’s really going on in the Madison County, Kentucky real estate market, you’re in the right place.
Every week I break down the latest housing market stats so buyers, sellers, and even the “just curious” crowd know exactly what’s happening right here in Madison County.
And this week? Well, let’s just say… the market is still holding its own.
Here’s what happened in Madison County real estate this week:
→ Average Sold Price: $450,645
→ Average Days on Market: 64
→ Sold Listings: 13 homes closed this week
→ Average List to Sold Price: 98.6% (Yep — sellers are still getting pretty close to asking!)
→ New Listings: 33 new properties hit the market
→ Under Contract: 32 homes went under contract
So… Are Prices Still Rising in Madison County, KY?
Short answer? They’re holding strong.
The average sold price this week came in at $450,645 — that’s a healthy number for Madison County real estate and a clear sign that home values aren’t exactly falling off a cliff anytime soon.
Are we seeing bidding wars like 2021? Not really. But are well-priced homes still moving, often with strong offers? Absolutely.
What About Days on Market?
Homes sat for an average of 64 days before going under contract. That tells me buyers are being a little more selective (and honestly, who can blame them with these interest rates?). But homes that are priced right, staged well, and marketed correctly are still selling.
Inventory is Climbing (Slowly)
With 33 new listings and 32 homes going under contract, we’re seeing a nice little balance start to form. More options for buyers, but sellers are still in a good position when it comes to pricing.
What Does This Mean for You?
→ Thinking about selling? Pricing is still key. Buyers are smart — and they’re willing to wait for the right home at the right price.
→ Thinking about buying? More inventory = more choices. But don’t wait too long — homes priced right are still moving quickly.
→ Just watching the market? Hey, I see you. Knowledge is power. And knowing what’s happening locally (not just what the headlines say) is how you win when it’s time to make your move.
Have questions about buying or selling in Madison County, Kentucky? Shoot me a message anytime — I’m always happy to chat real estate (or swap local coffee shop recommendations).
Until next week, friends!
Serving Madison County, KY — including Richmond, Berea, and beyond.
