Prospect, KY Housing Market
The Prospect housing market is very competitive. The median sale price of a home in Prospect was $592K last month, up 11.8% since last year. The median sale price per square foot in Prospect is $187, up 23.0% since last year.
Prospect Housing Market Trends
In February 2024, Prospect home prices were up 11.8% compared to last year, selling for a median price of $592K. On average, homes in Prospect sell after 98 days on the market compared to 30 days last year. There were 6 homes sold in February this year, down from 11 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 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% below list price and go pending in around 29 days.
- Hot homescan sell for around list price and go pending in around 12 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
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 37 days.
- Hot homescan sell for around list price and go pending in around 10 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
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 25 days.
- Hot homescan sell for around list price and go pending in around 5 days.
Prospect Migration & Relocation Trends
- Across the nation, 0.22% of homebuyers searched to move into Prospect from outside metros.
- Los Angeles homebuyers searched to move into Prospect more than any other metro followed by Chicago and New York.
- 76% of Prospect homebuyers searched to stay within the Prospect metropolitan area.
- Lexington was the most popular destination among Prospect homebuyers followed by Orlando and Tampa.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Dec '23 - Feb '24 | ||
1 | 116 | ||
2 | 91 | ||
3 | 85 | ||
4 | 83 | ||
5 | 55 | ||
6 | 52 | ||
7 | 44 | ||
8 | 38 | ||
9 | 37 | ||
10 | 36 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Dec '23 - Feb '24 | ||
1 | 158 | ||
2 | 46 | ||
3 | 38 | ||
4 | 38 | ||
5 | 35 | ||
6 | 29 | ||
7 | 23 | ||
8 | 16 | ||
9 | 16 | ||
10 | 15 |
View houses in Prospect that sold recently
Recently sold homes
- $585,000 Last Sold Price4 beds2.5 baths3,544 sq ft10513 Mountain Ash Ln, Prospect, KY 40059RE/MAX Properties EastList Price$585,000Sale to List0% over listDays on Market29 days10513 Mountain Ash Ln, Prospect, KY 40059
- $540,000 Last Sold Price4 beds2.5 baths3,025 sq ft7109 Fox Harbor Rd, Prospect, KY 40059RE/MAX Premier PropertiesList Price$515,000Sale to List5% over listDays on Market41 days7109 Fox Harbor Rd, Prospect, KY 40059
- $570,000 Last Sold Price3 beds4 baths3,705 sq ft20 Riding Ridge Rd, Prospect, KY 40059Lenihan Sotheby's International RealtyList Price$549,000Sale to List4% over listDays on Market26 days20 Riding Ridge Rd, Prospect, KY 40059
- $810,000 Last Sold Price5 beds4.5 baths5,397 sq ft13508 Ridgemoor Dr, Prospect, KY 40059Homepage RealtyList Price$829,000Sale to List2% under listDays on Market108 days13508 Ridgemoor Dr, Prospect, KY 40059
- $547,000 Last Sold Price4 beds3 baths3,741 sq ft6202 Deep Creek Dr, Prospect, KY 40059Coldwell Banker McMahanList Price$575,000Sale to List5% under listDays on Market53 days6202 Deep Creek Dr, Prospect, KY 40059
- $510,000 Last Sold Price5 beds3.5 baths3,200 sq ft6105 Moser Farm Rd, Prospect, KY 40059Gant Hill & Associates, LLCList Price$519,600Sale to List2% under listDays on Market92 days6105 Moser Farm Rd, Prospect, KY 40059
- $797,500 Last Sold Price5 beds4.5 baths4,648 sq ft7007 Windham Pkwy, Prospect, KY 40059Lenihan Sotheby's International RealtyList Price$825,000Sale to List3% under listDays on Market78 days7007 Windham Pkwy, Prospect, KY 40059
- $764,586 Last Sold Price4 beds3.5 baths3,161 sq ft5517 Ruby Falls Dr, Prospect, KY 40059NON-MEMBER OFFICEList Price$764,586Sale to List0% over listDays on Market305 days5517 Ruby Falls 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
8/10 Goshen At Hillcrest Elementary School Public • K-5 | 680 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
Heat Factor
Transportation in Prospect
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