Powell County by the Numbers
- Closed sales (last 90 days): 22
- Median sold price (last 90 days): $321,000
- Median price per square foot: $203
- Average days on market: Not available
- Median sold price (prior 90 days): $261,000
- Quarter-over-quarter median price change: 23.0%
What the Numbers Mean
The most prominent trend in the Powell County housing market is the sharp rise in the median sold price, which climbed 23.0% from $261,000 to $321,000. While this indicates a substantial shift in the price point of properties changing hands, it is important to contextualize this data. With only 22 closed sales over the last 90 days, the sample size is relatively small. In smaller markets, the sale of a few high-value properties can disproportionately influence the median price, which may account for a portion of the movement seen this quarter. As we do not have available data on the average days on market, it is difficult to determine the current velocity of sales, but the appreciation in median value is a clear indicator of recent transaction activity.
For Buyers
- Focus on budget and value: With the median price per square foot currently at $203, utilize this metric to compare properties of varying sizes to ensure you are paying a fair market rate for the space provided.
- Prepare for price variability: Because the median sold price has seen a 23.0% increase quarter-over-quarter, current listing prices may reflect higher seller expectations than those seen earlier this year. Ensure your financing is solid and be ready to evaluate homes based on their specific utility and long-term potential rather than just recent price trends.
- Stay informed: Since market movement in smaller counties can be highly sensitive to specific individual sales, continue to monitor how new listings compare to the $321,000 median benchmark.
For Sellers
- Analyze your competition: With a median price per square foot of $203, look at recent closed sales that are comparable to your property in terms of location and amenities to determine a competitive pricing strategy.
- Understand the market shift: The 23.0% increase in the median sold price indicates that buyers may be willing to pay higher prices for well-positioned inventory, but keep in mind that with only 22 closed sales in the last 90 days, the pool of active buyers remains focused on the right property at the right price.
- Maintain realistic expectations: While the broader median price has risen, ensure your home is prepared to meet the current standards of the market to attract potential interest, as pricing remains the primary driver of successful sales.
About This Report
This report is generated using aggregated regional MLS closed-sale data provided via a licensed feed, covering the period through September 2026. Please be advised that past market performance does not guarantee future results.