Is Wayne County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wayne County has remained a Buyer's Market.
Housing Prices in Wayne County, KY
How much do homes in Wayne County, KY cost?
Median Sold Price
$181,500
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wayne County was $181,500 in May 2024, up 3.7% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52K | $60K | +15.4% |
2 Bedrooms | $87.2K | $153K | +75.4% |
3 Bedrooms | $177K | $155.5K | -12.1% |
4 Bedrooms | $247.5K | $265K | +7.1% |
5+ Bedrooms | $286K | $284.8K | -0.4% |
Summary: Wayne County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 75.4%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Counties
Russell County | $179K | $202.5K | +13.1% |
Wayne County | $175K | $181.5K | +3.7% |
McCreary County | $148K | $151K | +2.0% |
Housing Supply in Wayne County, KY
How many homes are available in Wayne County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 38 | +2.7% |
Summary: The Wayne County real estate market had 38 homes for sale in May 2024, a 2.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Wayne County housing inventory by bedroom type for May 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 5.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Wayne County in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wayne County, KY
How long does it take to sell a home in Wayne County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 110 Days | +64.1% |
Summary: Homes in Wayne County had an average of 110 days on market in May 2024, up by 64.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Wayne County; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.