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January 2021: Oldham County KY Real Estate Market Summary

january 2021: OLDHAM COUNTY MARKET SUMMARY

January 2021 Oldham County Real Estate Statistics

January brought us frigid temperatures and record low housing inventory. Looking back at our January 2017 Oldham County Real Estate Statistics blog, it shows how low housing inventory is now. Inventory is typically low most the time in winter but this year is lower than average.

In January 2017, the absorption rate (number of available homes during a given period of time divided by the number of homes sold) for Northern Oldham County was 3.81 and 1.65 for Southern Oldham County. In January 2021, the Southern Oldham County absorption rate was 0.81. Wow! On the other hand, the absorption rate is actually lower in Northern Oldham County now (1.04) than it was in 2017.  

Comparing January 2020 to January 2021, you'll see below that the average list prices are up. The number of new listings in Southern Oldham County are down compared to 2020. In Northern Oldham County, new listings are up just a tad from last year.

Let’s dive into our January 2021 findings: 

SOUTHERN OLDHAM COUNTY

January 2021 January 2020
Absorption Rate 0.81 2.48
Average List Price $590,551 $419,471
Median List Price $537,250 $361,975
Average Sale Price $320,488 $338,303
Median Sale Price $295,000 $310,000
New Listings 43 42
Sold Listings 35 19

NORTHERN OLDHAM COUNTY

January 2021 January 2020
Absorption Rate  1.04 2.91
Average List Price $987,176 $650,052
Median List Price $594,475 $449,950
Average Sale Price $446,741 $411,174
Median Sale Price $392,000 $345,000
New Listings 28 59
Sold Listings 23 23

If you have any questions about the Oldham County real estate market, feel free to contact the Hollinden Team.  Thinking about selling your home? Find out how much it's worth with our free and instant market report

Source: Greater Louisville FlexMLS 

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