Is Knox County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Knox County was a Seller's Market.
Housing Prices in Knox County, KY
How much do homes in Knox County, KY cost?
Median Sold Price
$166,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Knox County was $166,000 in March 2024, up 6.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58.3K | $37K | -36.5% |
2 Bedrooms | $134.9K | $84K | -37.7% |
3 Bedrooms | $152.1K | $170.5K | +12.1% |
4 Bedrooms | $191K | $234K | +22.5% |
5+ Bedrooms | $205.5K | $159K | -22.6% |
Summary: Knox County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.5%, 2 bedroom homes decreased by 37.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Counties
Whitley County | $185K | $198K | +7.0% |
Knox County | $155.2K | $166K | +6.9% |
Laurel County | $200.2K | $210K | +4.9% |
Bell County | $131K | $124K | -5.3% |
Housing Supply in Knox County, KY
How many homes are available in Knox County, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 43 | +19.4% |
Summary: The Knox County real estate market had 43 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Knox County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Knox County in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Knox County, KY
How long does it take to sell a home in Knox County, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 63 Days | +107.4% |
Summary: Homes in Knox County had an average of 63 days on market in Mar 2024, up by 107.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Knox County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.