Is Powell County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Powell County was a Seller's Market.
Housing Prices in Powell County, KY
How much do homes in Powell County, KY cost?
Median Sold Price
$184,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $114K | - | N/A |
2 Bedrooms | $67K | $195K | +191.0% |
3 Bedrooms | $161.7K | $170K | +5.1% |
4 Bedrooms | $205K | $220K | +7.3% |
5+ Bedrooms | $288.9K | $295K | +2.1% |
Summary: Powell County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 191%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
Estill County | $145K | $176.7K | +21.9% |
Menifee County | $139.9K | $160K | +14.4% |
Clark County | $220.6K | $236K | +6.9% |
Powell County | $175K | $184K | +5.1% |
Montgomery County | $204.9K | $213K | +4.0% |
Housing Supply in Powell County, KY
How many homes are available in Powell County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 58 | +7.4% |
Summary: The Powell County real estate market had 58 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 31 | 24 | -22.6% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Powell County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 62.5%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Powell County in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Powell County, KY
How long does it take to sell a home in Powell County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 47 Days | -17.6% |
Summary: Homes in Powell County had an average of 47 days on market in May 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Powell County; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.