Is Powell County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Powell County was a Seller's Market.
Key Takeaway
Powell 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 Powell County, KY
How much do homes in Powell County, KY cost?
Median Sold Price
$184,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Powell County have sold for 5.1% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | - | N/A |
| 2 Bedrooms | $67K | $195K | +191.0% |
| 3 Bedrooms | $161.7K | $170K | +5.1% |
| 4 Bedrooms | $205K | $220K | +7.3% |
| 5+ Bedrooms | $288.9K | $295K | +2.1% |
Summary: Powell County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 191%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
| Estill County | $145K | $176.7K | +21.9% |
| Menifee County | $139.9K | $160K | +14.4% |
| Clark County | $220.6K | $236K | +6.9% |
| Powell County | $175K | $184K | +5.1% |
| Montgomery County | $204.9K | $213K | +4.0% |
Housing Supply in Powell County, KY
How many homes are available in Powell County, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 58 | +7.4% |
Summary: The Powell County real estate market had 58 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 31 | 24 | -22.6% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Powell County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 62.5%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Powell County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Powell County in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Powell County, KY
How long does it take to sell a home in Powell County, KY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 47 Days | -17.6% |
Summary: Homes in Powell County had an average of 47 days on market in May 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Powell County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Powell County; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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.