$1,959 Closing Credit*
$165,000
3 Beds
•2 Full Baths
Listing Office: Wright Realty
Is Pine Knot, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Pine Knot was a Seller's Market.
Key Takeaway
Pine Knot is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pine Knot, KY
How much do homes in Pine Knot, KY cost?
Median Sold Price
$149,000
-
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$10,000(+7.2%)
Key Takeaway
Homes in Pine Knot have sold for 7.2% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $139K | $102K | -26.6% |
| 3 Bedrooms | $133.5K | $149.9K | +12.3% |
| 4 Bedrooms | $275K | $193.1K | -29.8% |
| 5+ Bedrooms | $230K | $500K | +117.4% |
Summary: Pine Knot housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 29.8%, and 5+ bedroom homes increased by 117.4%.
Median Sold Price Compared To Nearby Cities
| Pine Knot | $139K | $149K | +7.2% |
| Stearns-Whitley City | $152K | $150.5K | -1.0% |
| Stearns | $163.4K | $152.5K | -6.7% |
Housing Supply in Pine Knot, KY
How many homes are available in Pine Knot, KY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Pine Knot real estate market had 12 homes for sale in September 2024, a 7.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine Knot housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Knot, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Pine Knot in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pine Knot, KY
How long does it take to sell a home in Pine Knot, KY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 85 Days | 49 Days | -42.8% |
Summary: Homes in Pine Knot had an average of 49 days on market in Sep 2024, down by 42.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pine Knot has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Pine Knot; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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.