Is Russell 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, Russell County was a Seller's Market.
Housing Prices in Russell County, KY
How much do homes in Russell County, KY cost?
Median Sold Price
$220,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Russell County was $220,000 in March 2024, up 14.3% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $137.5K | $110.5K | -19.6% |
3 Bedrooms | $172.4K | $205K | +18.9% |
4 Bedrooms | $334.9K | $342.5K | +2.3% |
5+ Bedrooms | $430K | $465K | +8.1% |
Summary: Russell County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.6%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Counties
Russell County | $192.5K | $220K | +14.3% |
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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 60 | +22.4% |
Summary: The Russell County real estate market had 60 homes for sale in March 2024, a 22.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 27 | 33 | +22.2% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Russell County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Russell County in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
100 Days | 72 Days | -27.9% |
Summary: Homes in Russell County had an average of 72 days on market in Mar 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Russell County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.