Northern Kentucky Real Estate Market - Monthly Sales Report
January - September 2025 Performance Report • NKAR Statistics
Northern Kentucky Real Estate Market Analysis
The Northern Kentucky real estate market demonstrated exceptional strength through September 2025, with 4,140 properties sold at an average price of $351K and transactions closing in just 32 days on average. Strong buyer demand drove 21% of sales above asking price, while healthy inventory levels with 872 active listings and 925 pending contracts indicate sustained market momentum heading into the final quarter.
Data Source: MLS® data covering Boone, Campbell, and Kenton counties with 5,937 total records from January 1 - September 30, 2025. All figures represent residential transactions and reflect real market conditions.
Market Context: The market experienced a dynamic first three quarters with strong sell-through rates peaking at 97% in February and remaining robust through spring and early summer. Inventory expanded significantly during the peak July-August listing season, while Days on Market improved dramatically from 42 days in January to just 24 days by September, signaling increasingly efficient market conditions and strong buyer urgency.
🏆 Market Performance Spotlight
Northern Kentucky's real estate market shows exceptional velocity with average Days on Market dropping 43% from 42 days in January to just 24 days by September. The market achieved 875 over-asking sales representing 21% of all transactions, with May and June posting the strongest competitive bidding activity at over 125 properties each month. February's remarkable 97% sell-through rate demonstrates powerful market momentum, while the sustained pipeline of 925 pending contracts signals continued strong performance through year-end.
🏘️ Geographic Market Leaders
Covington leads all markets with 540 closed sales and 760 total transactions, demonstrating the city's dominance in both urban redevelopment and established neighborhoods. Florence follows with 477 sales driven by strong commercial corridors and family-friendly communities, while Union's 406 sales and 205 new construction properties highlight the city's explosive suburban growth. The data reveals that Boone County communities (Florence, Union, Burlington, Hebron, Walton) collectively represent the region's largest growth engine, while Campbell County's urban core (Covington, Newport, Alexandria) continues attracting both investors and homebuyers seeking walkable, transit-oriented living.