$19,900
1.55 Acres
Land
Listing Office: Lake Cumberland Real Estate Professionals
Is Pine Knot, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$149,900
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,900(+9.4%)
Key Takeaway
Homes in Pine Knot have sold for 9.4% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $117K | $149K | +27.4% |
| 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 October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.4%, 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 | $137K | $149.9K | +9.4% |
| Stearns-Whitley City | $152K | $151.2K | -0.5% |
Housing Supply in Pine Knot, KY
How many homes are available in Pine Knot, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Pine Knot real estate market had 13 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pine Knot housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine Knot, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Pine Knot in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 15 Days | -63.1% |
Summary: Homes in Pine Knot had an average of 15 days on market in Oct 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine Knot are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Pine Knot; 100% of homes were sold within 30 days, 0% 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.