The Fort Thomas, KY Housing market maintains its strength from being conveniently located minutes from the Interstates and Downtown Cincinnati, as well as having one of the top Independent School Districts in the State (and nationally).
Here is the difference in selling a 2 bedroom home vs 3 bedroom home, or 4 bedroom (plus) home:
-40 Total Active Homes: $287,400 median list price (average of 83 days on market). 3x 2 bedroom homes are for sale ($99,900/96 day, $110,000/318 days, $225,000/131 days). 21x 3 bedroom homes are for sale with a median list price of $237,500/67 days. 14x 4+ bedroom homes for sale with median list price of $531,450/83 days.
-34 Total Pending (under contract) Homes: $210,700 median list price (average of 34 days on market). 8x 2 bedroom homes $139,900/37 days on market. 17x 3 bedroom homes $219,900/23 days days on market. 8x 4+ homes $549,450/59 days on market.
-167 Total Sales in calendar year: $225,100 median sale price (average of 35 days on market). 30x 2 bedroom homes $162,500/24 days on market. 76x 3 bedroom homes $215,250/38 days on market. 59x 4+ bedroom homes $328,400/35 days on market.
Differential in Sale Price:
2 vs 3 bedroom: 24.6%
3 vs 4+ bedroom: 34.5%
2 vs 4+ bedroom: 50.6%
Differential in Volume of Homes Sold:
2 Bedroom: 17.9% of sales.
3 Bedroom: 45.5% of sales.
4+ Bedroom: 35.3% of sales.
Search Here for Current Listings: Fort Thomas Homes For Sale
Eric J Barth is a Realtor with Keller Williams Advisors (859-912-2104)