If you’re watching the real estate market in Madison County, Kentucky, here’s your friendly local update — straight from the neighborhoods I walk every day in Richmond, Berea, and beyond.
📊 Here’s what the numbers are telling us this week:
- Average Sold Price: $316,154
- Average Days on Market: 58
- Sold Listings: 27
- List to Sold Price Ratio: 98.98%
- New Listings This Week: 39
- Under Contract Homes: 29
That average sale price of $316,154 is solid — reflecting both strong buyer interest and steady home values. Even though homes are taking just under two months to sell on average, sellers are still getting close to their asking price. That means pricing it right still matters — and buyers are still willing to pay when they see value.
🧠 What Real Estate Experts Are Saying: Timing Is Everything
Real estate economists and local brokers alike agree: this market may be cooling slightly in pace, but not in opportunity. With interest rates holding steady and inventory creeping up (hello, 39 new listings!), buyers have a bit more breathing room — but that window may not stay open long.
🗣️ “If you’re a buyer, now’s the time to shop smart before rates or prices shift again. And if you’re a seller, you still have an edge — but prep and pricing are key,” says one seasoned Kentucky broker.
The list-to-sold ratio at 98.98% tells us serious buyers are still out there — they’re just a bit more selective than they were a year ago. For sellers, that means professional photos, clean inspections, and solid marketing are what make the difference between a quick sale and a slow sit.
🏡 So… Should You Buy or Sell This Week in Madison County?
Here’s my take:
✔️ Buyers – This could be your sweet spot. Interest rates aren’t as high as we feared, and inventory is healthier than we’ve seen in recent months. Shop with confidence, but know your budget.
✔️ Sellers – Yes, you can still win big. But don’t skip the prep. Buyers are comparing more homes now, so make yours stand out!
📲 Ready to Talk Real Estate?
Whether you’re planning your next move or just keeping an eye on the market, I’m here with the real-time numbers and the neighborhood know-how. Let’s talk strategy — or just talk real estate over coffee!
👉 Visit my website for open houses, local events, and more weekly market updates!