$2,731 Closing Credit*
$230,000
3 Beds
•2 Full Baths
Listing Office: SimpliHOM
Is Powell County, 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, Powell County was a Seller's Market.
Key Takeaway
Powell County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Powell County, KY
How much do homes in Powell County, KY cost?
Median Sold Price
$190,050
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,800(+9.7%)
Key Takeaway
Homes in Powell County have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Powell County was $190,050 in October 2024, up 9.7% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188K | $155K | -17.6% |
| 2 Bedrooms | $183.5K | $195K | +6.3% |
| 3 Bedrooms | $165K | $175K | +6.1% |
| 4 Bedrooms | $205K | $240K | +17.1% |
| 5+ Bedrooms | $272K | $312.5K | +14.9% |
Summary: Powell County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Counties
| Powell County | $173.2K | $190K | +9.7% |
| Clark County | $230.9K | $240.4K | +4.1% |
| Estill County | $155K | $160K | +3.2% |
| Montgomery County | $213.7K | $214.9K | +0.6% |
Housing Supply in Powell County, KY
How many homes are available in Powell County, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 63 | +8.6% |
Summary: The Powell County real estate market had 63 homes for sale in October 2024, a 8.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Powell County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 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 Powell County, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Powell County in October 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Powell County, KY
How long does it take to sell a home in Powell County, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 77 Days | +134.1% |
Summary: Homes in Powell County had an average of 77 days on market in Oct 2024, up by 134.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Powell County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Powell County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.