Is Russell County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Russell County has remained a Seller's Market.
Housing Prices in Russell County, KY
How much do homes in Russell County, KY cost?
Median Sold Price
$202,500
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Russell County was $202,500 in April 2024, up 11% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $129K | $102K | -20.9% |
3 Bedrooms | $172.4K | $188.9K | +9.6% |
4 Bedrooms | $336.9K | $369.9K | +9.8% |
5+ Bedrooms | $442K | $485K | +9.7% |
Summary: Russell County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Counties
Russell County | $182.5K | $202.5K | +11.0% |
Wayne County | $175K | $180K | +2.9% |
Housing Supply in Russell County, KY
How many homes are available in Russell County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 74 | +27.6% |
Summary: The Russell County real estate market had 74 homes for sale in April 2024, a 27.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 31 | 39 | +25.8% |
4 Bedrooms | 8 | 14 | +75.0% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Russell County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 16 | +166.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Russell County in April 2024, up by 166.7% month-over-month. Of the 16 sold homes, 94% were sold under asking, 6% were sold at asking, and 0% were sold over asking.
Days on Market for Russell County, KY
How long does it take to sell a home in Russell County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 31 Days | -50.9% |
Summary: Homes in Russell County had an average of 31 days on market in Apr 2024, down by 50.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Russell County; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.