Oldham County Real Estate Market Update – August 2025

Market Snapshot

Active: 242 homes are currently listed, averaging $784,592 and spending about 70 days on market.

Closed: 89 homes sold, with an average price of $578,971, and went under contract in just 24 days.

Pending: 50 homes are pending, averaging $613,420 with an average of 31 days on market.

Cancelled: 38 listings were cancelled, with an average list price of $885,539 and 61 days on market.

Expired: 4 homes expired unsold, at a very high average of $2.22M, after 138 days.

Key Trends

1. Healthy Demand in Mid-Market: Homes closing at around $579K and pending around $613K are moving quickly, showing strong demand.

2. Luxury Listings Face Challenges: Cancelled listings at $885K and expired homes above $2M reflect buyer caution at the top of the market.

3. Pricing Gap Between Active and Closed: Active homes are listed far higher ($785K average) than the closed average ($579K), suggesting sellers may need to adjust expectations.

4. Speed Matters: Closed homes averaged just 24 days on market, while overpriced homes lingered far longer.

What This Means for Buyers and Sellers

For Buyers: Be ready to act quickly in the mid-price ranges, where competition is strongest. For luxury homes, you may have more room to negotiate.For Sellers: Setting the right price is critical. Homes aligned with market demand are closing in weeks, while overpriced listings are stalling or expiring.

Final Thoughts

The Oldham County market shows strength and stability, especially in the mid-price ranges. Luxury homes are moving more slowly, but with the right strategy, sellers can still find success. The lesson is clear: price it right, and it will sell.

© 2025 Jay T. Pitts & Associates | RE/MAX Premier Properties