Berea, KY Home Values & Market Trends
Real estate market trends reflect that there have been 205 transactions over the past year in Berea. The median value for residential home transactions that occurred over the previous year is $181,618.99. The number of current listings in Berea is 47, and the percentage of properties for sale in the city is 47.00%. Berea, KY currently has 1 properties in foreclosure, 1 bank owned properties, 0 properties headed for auction, and 47 properties for sale.
Berea, KY Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 40403 | $ 222,795 $ 129/sqft |
Housing Market Summary for Berea, KY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $230K | $213.9K | -7.00% |
| Median Sold Price | $220K | $213.9K | -2.77% |
| Homes For Sale | 53 | 42 | -20.75% |
| Homes Sold | 111 | 81 | -27.03% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Berea, KY
Browse Homes in Berea, KY
Berea home values range from $21,006 to $2,206,905. The median estimated value of a home in Berea is $181,618.99. The median list price of a home is 249,900, and the total count of properties in the city is 6,224.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Berea, KY with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Berea, KY; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Berea, KY ranges from the highest value of $143,647 in 40403 to the lowest value of $143,647 in 40403. Bank owned homes and properties account for 0.02% of properties in Berea, KY. There is 1 zips within Berea, KY; 40403 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Berea, KY. Auction homes and other auction properties account for 0% of all properties in Berea, KY. There is 1 zips within Berea, KY; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Compare Nearby Cities
More Real Estate Resources for Berea, KY
Guide for Berea, KY
This blog post analyzes the rising trends in the Lexington, KY real estate market from March 2023 to February 2024, and compares them with surrounding cities.
Information on foreclosure financing, refinancing, and foreclosure mortgages.
Tulsa’s real estate market shows sharp seasonal fluctuations, a high turnover rate, and a balance between higher-end and more affordable properties compared to its neighboring cities.
An examination of the real estate market in Anchorage, Alaska, comparing property values, sales trends, and foreclosure rates with nearby cities to provide a comprehensive understanding of regional market trends.