Weekly Market Trends: How Madison County Compares to Nearby Areas
As we dive into another week in the Central Kentucky real estate market, it’s time to take a closer look at how Madison County is performing—and how it stacks up against surrounding areas. Whether you’re buying, selling, or just keeping an eye on the market, these weekly insights can help you make informed decisions.
Madison County Market Snapshot
Here’s what the numbers are telling us this week in Madison County:
- 🏡 Average Sales Price: $331,711
- ⏱ Average Days on Market: 78
- ✅ Sold Listings: 10
- 📉 Average List-to-Sold Price Ratio: 98.28%
- 📈 New Listings: 27
- ✍️ Homes Under Contract: 34
What Do These Numbers Mean?
- Sales prices remain strong: With an average sales price of $331,711, Madison County continues to show solid property values, making it an attractive market for sellers and a competitive landscape for buyers.
- Homes are selling steadily: The average days on market sits at 78, indicating that while homes aren’t flying off the shelves overnight, they are selling at a consistent pace—offering both buyers and sellers a fair window to negotiate and act.
- Sellers are getting close to asking price: A 98.28% list-to-sold price ratio is a great indicator of market stability. Sellers are achieving nearly full asking price, showing continued buyer demand and pricing accuracy in listing strategies.
- Inventory is picking up: With 27 new listings this week, we’re seeing a healthy injection of fresh inventory, likely driven by sellers preparing for the spring market surge.
- Buyer activity is strong: 34 homes went under contract, demonstrating that buyers are still actively pursuing homes—even before the peak season hits.
How Does Madison County Compare to Neighboring Markets?
While every market has its own unique rhythm, Madison County is holding its own compared to nearby areas like Fayette, Clark, and Jessamine Counties. While larger markets like Fayette might see slightly shorter days on market or a wider range of price points, Madison County remains a highly desirable and balanced market—offering a great blend of affordability, value, and opportunity for both buyers and sellers.
The Takeaway
If you’ve been waiting to make a move in real estate, Madison County’s current trends suggest it’s a great time to act. Whether you’re looking to list your home or begin the journey toward homeownership, staying informed with weekly updates like this helps you stay ahead of the curve.
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