Is Whitley County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Whitley County has remained a Seller's Market.
Key Takeaway
Whitley County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Whitley County, KY
How much do homes in Whitley County, KY cost?
Median Sold Price
$195,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Whitley County have sold for 3.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $86K | -25.2% |
| 2 Bedrooms | $115.7K | $140K | +21.0% |
| 3 Bedrooms | $181.3K | $185.2K | +2.2% |
| 4 Bedrooms | $229.5K | $229.9K | 0.2% |
| 5+ Bedrooms | $295K | $305K | +3.4% |
Summary: Whitley County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.2%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Bell County | $122K | $129K | +5.7% |
| Whitley County | $189K | $195K | +3.2% |
| McCreary County | $148K | $151K | +2.0% |
| Laurel County | $206.1K | $207.3K | +0.6% |
| Knox County | $159.9K | $159.2K | -0.4% |
Housing Supply in Whitley County, KY
How many homes are available in Whitley County, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 129 | 133 | +3.1% |
Summary: The Whitley County real estate market had 133 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 21 | 22 | +4.8% |
| 3 Bedrooms | 74 | 70 | -5.4% |
| 4 Bedrooms | 23 | 26 | +13.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Whitley County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Whitley County, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Whitley County in May 2024, down by 4.2% month-over-month. Of the 23 sold homes, 70% were sold under asking, 22% were sold at asking, and 9% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 43 Days | +23.0% |
Summary: Homes in Whitley County had an average of 43 days on market in May 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Whitley County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Whitley County; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 22% 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.