Is 40004, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40004 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 40004 has remained a Seller's Market.

Key Takeaway

40004 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40004, KY

How much do homes in 40004, KY cost?

Median Sold Price

$262,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$22,250(+9.3%)

Key Takeaway

Homes in 40004 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 40004 was $262,000 in April 2024, up 9.3% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$150K
N/A
2 $204.9K$207.9K
+1.5%
3 $234.9K$262.9K
+11.9%
4 $329.5K$325K
-1.4%
5+ $402K$420K
+4.5%

Summary: 40004 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 increased by 1.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Zip Codes

40004
+9.3%
40013
0.0%

Housing Supply in 40004, KY

How many homes are available in 40004, KY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
142143+0.7%

Summary: The 40004 real estate market had 143 homes for sale in April 2024, a 0.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1517
+13.3%
3 111103
-7.2%
4 1216
+33.3%
5+ 47
+75.0%

Summary: The 40004 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 13.3%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3239+21.9%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40004, you may be able to get a good deal. 59% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in 40004 in April 2024, up by 21.9% month-over-month. Of the 39 sold homes, 59% were sold under asking, 18% were sold at asking, and 23% were sold over asking.

Days on Market for 40004, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in 40004, KY

Nearby Markets to 40004, KY