Is Middlesboro, 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, Middlesboro was a Neutral Market.
Housing Prices in Middlesboro, KY
How much do homes in Middlesboro, KY cost?
Median Sold Price
$115,000
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Middlesboro was $115,000 in April 2024, down 4.2% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25K | - | N/A |
2 Bedrooms | $91K | $70K | -23.1% |
3 Bedrooms | $130K | $129K | -0.8% |
4 Bedrooms | $222K | $196K | -11.7% |
5+ Bedrooms | $330K | $412.5K | +25.0% |
Summary: Middlesboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Middlesborough | $111.2K | $110K | -1.1% |
Middlesboro | $120K | $115K | -4.2% |
Housing Supply in Middlesboro, KY
How many homes are available in Middlesboro, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 53 | +3.9% |
Summary: The Middlesboro real estate market had 53 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 26 | 27 | +3.8% |
4 Bedrooms | 18 | 17 | -5.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Middlesboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 14 | +1300.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Middlesboro in April 2024, up by 1300.0% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.
Days on Market for Middlesboro, KY
How long does it take to sell a home in Middlesboro, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 77 Days | +98.5% |
Summary: Homes in Middlesboro had an average of 77 days on market in Apr 2024, up by 98.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Middlesboro; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.