Is 40071, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 40071 has remained a Seller's Market.
Key Takeaway
40071 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40071, KY
How much do homes in 40071, KY cost?
Median Sold Price
$377,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 40071 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 40071 was $377,500 in March 2024, up 7.6% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $523.5K | +199.1% |
| 3 Bedrooms | $291.2K | $350K | +20.2% |
| 4 Bedrooms | $405K | $441K | +8.9% |
| 5+ Bedrooms | $529.5K | $392.4K | -25.9% |
Summary: 40071 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 199.1%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 25.9%.
Median Sold Price Compared To Nearby Zip Codes
| 40023 | $525K | $569K | +8.4% |
| 40071 | $350.7K | $377.5K | +7.6% |
| 40008 | $222K | $212.4K | -4.3% |
Housing Supply in 40071, KY
How many homes are available in 40071, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 33 | -5.7% |
Summary: The 40071 real estate market had 33 homes for sale in March 2024, a 5.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 40071 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40071, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 40071 in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for 40071, KY
We’re sorry, we don't have information for this market at the moment
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