Is Knox County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Knox County was a Seller's Market.
Housing Prices in Knox County, KY
How much do homes in Knox County, KY cost?
Median Sold Price
$170,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Knox County was $170,000 in April 2024, up 6.3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58.3K | $37K | -36.5% |
2 Bedrooms | $149.8K | $84K | -43.9% |
3 Bedrooms | $152.1K | $175K | +15.1% |
4 Bedrooms | $204K | $197.5K | -3.2% |
5+ Bedrooms | $205.5K | $159K | -22.6% |
Summary: Knox County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.5%, 2 bedroom homes decreased by 43.9%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Counties
Whitley County | $181.1K | $199K | +9.8% |
Knox County | $159.9K | $170K | +6.3% |
Laurel County | $199.7K | $209.7K | +5.0% |
Bell County | $125K | $129K | +3.2% |
Housing Supply in Knox County, KY
How many homes are available in Knox County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 47 | +9.3% |
Summary: The Knox County real estate market had 47 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Knox County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Knox County in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Knox County, KY
How long does it take to sell a home in Knox County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 44 Days | -10.6% |
Summary: Homes in Knox County had an average of 44 days on market in Apr 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Knox County; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.