Is Knox 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, Knox County was a Seller's Market.
Key Takeaway
Knox 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 Knox County, KY
How much do homes in Knox County, KY cost?
Median Sold Price
$159,250
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Knox County has remained the same since last year.
Summary: The median home sold price in Knox County was $159,250 in May 2024, down 0.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $58.3K | $37K | -36.5% |
| 2 Bedrooms | $149K | $59K | -60.4% |
| 3 Bedrooms | $152.5K | $170K | +11.4% |
| 4 Bedrooms | $239.9K | $180K | -25.0% |
| 5+ Bedrooms | $221K | $192K | -13.1% |
Summary: Knox County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.5%, 2 bedroom homes decreased by 60.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Counties
| Bell County | $122K | $129K | +5.7% |
| Whitley County | $189K | $195K | +3.2% |
| Laurel County | $206.1K | $207.3K | +0.6% |
| Knox County | $159.9K | $159.2K | -0.4% |
Housing Supply in Knox County, KY
How many homes are available in Knox County, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 48 | +20.0% |
Summary: The Knox County real estate market had 48 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Knox County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Knox County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Knox County in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 73 Days | +46.2% |
Summary: Homes in Knox County had an average of 73 days on market in May 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Knox County has remained consistent over time.
Summary: During May 2024, 8 homes were sold in Knox County; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.