Is Russell, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Russell has remained a Seller's Market.
Housing Prices in Russell, KY
How much do homes in Russell, KY cost?
Median Sold Price
$93,500
$67/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Russell was $93,500 in May 2024, up 7.2% from last year, and the median price per square foot was $67.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $31.5K | N/A |
2 Bedrooms | $40K | $40K | 0.0% |
3 Bedrooms | $112K | $100K | -10.7% |
4 Bedrooms | $70K | $106.9K | +52.7% |
5+ Bedrooms | $187K | $214.5K | +14.7% |
Summary: Russell 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 did not change, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 52.7%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Neighborhoods
Portland | $68.5K | $75K | +9.5% |
Russell | $87.2K | $93.5K | +7.2% |
Downtown | $309.5K | $302.5K | -2.3% |
Housing Supply in Russell, KY
How many homes are available in Russell, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Summary: The Russell real estate market had 27 homes for sale in May 2024, a 8.0% 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 | 7 | 7 | 0.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Russell 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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Russell in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Russell, KY
We’re sorry, we don't have information for this market at the moment