Is Russell Springs, 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 Springs has remained a Seller's Market.
Housing Prices in Russell Springs, KY
How much do homes in Russell Springs, KY cost?
Median Sold Price
$190,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Russell Springs was $190,000 in April 2024, up 8.6% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $104.5K | - | N/A |
2 Bedrooms | $140K | $82.5K | -41.1% |
3 Bedrooms | $166.2K | $179.5K | +8.0% |
4 Bedrooms | $325K | $340K | +4.6% |
5+ Bedrooms | $387.5K | $430K | +11.0% |
Summary: Russell Springs 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 41.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 11%.
Housing Supply in Russell Springs, KY
How many homes are available in Russell Springs, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 48 | +23.1% |
Summary: The Russell Springs real estate market had 48 homes for sale in April 2024, a 23.1% 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 | 7 | 7 | 0.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Russell Springs 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 9.5%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 10 | +400.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Russell Springs in April 2024, up by 400.0% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Russell Springs, KY
How long does it take to sell a home in Russell Springs, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 28 Days | +61.5% |
Summary: Homes in Russell Springs had an average of 28 days on market in Apr 2024, up by 61.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Russell Springs; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.