Is Pine Knot, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pine Knot is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Pine Knot has remained a Buyer'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

$207,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

+$57,100(+38.1%)

Key Takeaway

Homes in Pine Knot have sold for 38.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $149.9K$207K
+38.1%
4 --
N/A
5+ --
N/A

Summary: Pine Knot housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 38.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Pine Knot, KY

How many homes are available in Pine Knot, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
13130.0%

Summary: The Pine Knot real estate market had 13 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 23
+50.0%
3 98
-11.1%
4 00
0.0%
5+ 11
0.0%

Summary: The Pine Knot housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 November 2024, the same as the previous 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

Oct 2024Nov 2024CHANGE
15 Days64 Days+326.7%

Summary: Homes in Pine Knot had an average of 64 days on market in Nov 2024, up by 326.7% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pine Knot has remained consistent over time.

Summary: During November 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Pine Knot, KY

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