Is Russell 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, Russell County has remained a Seller's Market.
Housing Prices in Russell County, KY
How much do homes in Russell County, KY cost?
Median Sold Price
$202,500
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Russell County was $202,500 in May 2024, up 13.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | - | N/A |
2 Bedrooms | $125.9K | $110.5K | -12.2% |
3 Bedrooms | $174.9K | $187.9K | +7.4% |
4 Bedrooms | $339K | $350K | +3.2% |
5+ Bedrooms | $445.9K | $445K | -0.2% |
Summary: Russell County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Counties
Russell County | $179K | $202.5K | +13.1% |
Wayne County | $175K | $181.5K | +3.7% |
Housing Supply in Russell County, KY
How many homes are available in Russell County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 76 | +5.6% |
Summary: The Russell County real estate market had 76 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 37 | 35 | -5.4% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Russell County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 13 | -23.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Russell County in May 2024, down by 23.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Russell County, KY
How long does it take to sell a home in Russell County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
79 Days | 25 Days | -67.8% |
Summary: Homes in Russell County had an average of 25 days on market in May 2024, down by 67.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Russell County; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.