Berea, KY
Housing market overview · Updated weekly
$268,000median sale price
Homes sold
15
Last 12 weeks
Days on market
83
Average pace
Active listings
101
6.7 months supply
Sale-to-list
97.0%
Below asking
The Berea housing market is currently classified as a buyer's market with a median sale price of $268,000. Prices have fallen 1.8% compared to last year, with homes spending an average of 83 days on market, indicating 6.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Berea?
The median home sale price in Berea is $268,000, down 1.8% from last year.
How long do homes stay on market in Berea?
Homes typically spend 83 days on market before going under contract.
Is Berea a buyer's or seller's market?
With 6.7 months of supply, Berea is currently a buyer's market.
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