Prospect, KY Housing Market
The Prospect housing market is somewhat competitive. The median sale price of a home in Prospect was $635K last month, down 5.2% since last year. The median sale price per square foot in Prospect is $159, up 19.5% since last year.
Prospect Housing Market Trends
In April 2024, Prospect home prices were down 5.2% compared to last year, selling for a median price of $635K. On average, homes in Prospect sell after 42 days on the market compared to 28 days last year. There were 11 homes sold in April this year, up from 5 last year.
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How hot is the Prospect housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 54 days.
- Hot homescan sell for around list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 27 days.
- Hot homescan sell for about 1% above list price and go pending in around 6 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 11 days.
- Hot homescan sell for about 1% above list price and go pending in around 3 days.
Prospect Migration & Relocation Trends
- Across the nation, 0.24% of homebuyers searched to move into Prospect from outside metros.
- Houston homebuyers searched to move into Prospect more than any other metro followed by Los Angeles and Dallas.
- 75% of Prospect homebuyers searched to stay within the Prospect metropolitan area.
- Lexington was the most popular destination among Prospect homebuyers followed by Cincinnati and Orlando.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 143 | ||
2 | 125 | ||
3 | 104 | ||
4 | 100 | ||
5 | 99 | ||
6 | 90 | ||
7 | 55 | ||
8 | 38 | ||
9 | 33 | ||
10 | 31 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 159 | ||
2 | 46 | ||
3 | 44 | ||
4 | 44 | ||
5 | 36 | ||
6 | 29 | ||
7 | 24 | ||
8 | 23 | ||
9 | 20 | ||
10 | 19 |
Home offer insights for Prospect
Recent offers
View houses in Prospect that sold recently
Recently sold homes
- $858,333 Last Sold Price4 beds3.5 baths3,161 sq ft5527 Ruby Falls Dr, Prospect, KY 40059NON-MEMBER OFFICEList Price$858,333Sale to List0% over listDays on Market0 days5527 Ruby Falls Dr, Prospect, KY 40059
- $1,435,618 Last Sold Price4 beds3.5 baths3,437 sq ft6109 Snapdragon Dr, Prospect, KY 40059Norton Commons RealtyList Price$1,425,000Sale to List1% over listDays on Market134 days6109 Snapdragon Dr, Prospect, KY 40059
- $2,499,900 Last Sold Price5 beds5.5 baths6,247 sq ft8217 Sutherland Farm Rd, Prospect, KY 40059EXP Realty LLCList Price$2,499,900Sale to List0% over listDays on Market265 days8217 Sutherland Farm Rd, Prospect, KY 40059
- $1,100,000 Last Sold Price8 beds5.5 baths6,546 sq ft8607 Westover Dr, Prospect, KY 40059Lenihan Sotheby's International RealtyList Price$1,175,000Sale to List6% under listDays on Market12 days8607 Westover Dr, Prospect, KY 40059
- $768,450 Last Sold Price3 beds3.5 baths4,355 sq ft11714 Paramont Way, Prospect, KY 40059RE/MAX Real Estate ChampionsList Price$799,000Sale to List4% under listDays on Market207 days11714 Paramont Way, Prospect, KY 40059
- $445,000 Last Sold Price3 beds2.5 baths2,368 sq ft6703 John Hancock Pl, Prospect, KY 40059EXP Realty LLCList Price$459,000Sale to List3% under listDays on Market28 days6703 John Hancock Pl, Prospect, KY 40059
- $480,000 Last Sold Price5 beds4 baths4,252 sq ft6204 Deep Creek Dr, Prospect, KY 40059Gant Hill & Associates, LLCList Price$497,000Sale to List3% under listDays on Market61 days6204 Deep Creek Dr, Prospect, KY 40059
- $425,000 Last Sold Price5 beds3.5 baths3,969 sq ft6401 Deep Creek Dr, Prospect, KY 40059Coldwell Banker McMahanList Price$450,000Sale to List6% under listDays on Market97 days6401 Deep Creek Dr, Prospect, KY 40059
See all recently sold homes in Prospect.
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Schools in Prospect
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- Middle
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GreatSchools Rating
9/10 Goshen At Hillcrest Elementary School Public • K-5 | 673 Students | 4 reviews |
Climate's impact on Prospect housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Prospect.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Wind likelihood over time
Heat Factor - Major
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Transportation in Prospect
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