Is Whitley 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, Whitley County was a Seller's Market.
Key Takeaway
Whitley County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Whitley County, KY
How much do homes in Whitley County, KY cost?
Median Sold Price
$198,000
$49/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Whitley County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Whitley County was $198,000 in March 2024, up 7% from last year, and the median price per square foot was $49.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $95.5K | -17.0% |
| 2 Bedrooms | $110K | $129K | +17.3% |
| 3 Bedrooms | $179.9K | $185K | +2.8% |
| 4 Bedrooms | $242.2K | $235K | -3.0% |
| 5+ Bedrooms | $312.5K | $300K | -4.0% |
Summary: Whitley County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 4%.
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% |
| McCreary County | $152K | $145K | -4.6% |
| Bell County | $131K | $124K | -5.3% |
Housing Supply in Whitley County, KY
How many homes are available in Whitley County, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 137 | 136 | -0.7% |
Summary: The Whitley County real estate market had 136 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 92 | 88 | -4.3% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Whitley 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 decreased by 5.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Whitley County, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Whitley County in March 2024, down by 16.7% month-over-month. Of the 20 sold homes, 70% were sold under asking, 25% were sold at asking, and 5% were sold over asking.
Days on Market for Whitley County, KY
How long does it take to sell a home in Whitley County, KY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 68 Days | -1.2% |
Summary: Homes in Whitley County had an average of 68 days on market in Mar 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Whitley County has remained consistent over time.
Summary: During March 2024, 20 homes were sold in Whitley County; 15% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.