Is Powell County, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Powell County is a buyer'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

# BEDSOct 2023Oct 2024CHANGE
1 $188K$155K
-17.6%
2 $183.5K$195K
+6.3%
3 $165K$175K
+6.1%
4 $205K$240K
+17.1%
5+ $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
+9.7%
Clark County
+4.1%
Estill County
+3.2%
Montgomery County
+0.6%

Housing Supply in Powell County, KY

How many homes are available in Powell County, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5863+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

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 65
-16.7%
3 2933
+13.8%
4 1518
+20.0%
5+ 55
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 2024Oct 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
33 Days77 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

Breakdown of Home Sale Times

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.

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

Report Updated 20 Days Ago

Newest Listings in Powell County, KY

Nearby Markets to Powell County, KY

What housing markets are near Powell County, KY?