Is 40108, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 40108 has remained a Seller's Market.
Key Takeaway
40108 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40108, KY
How much do homes in 40108, KY cost?
Median Sold Price
$280,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 40108 have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in 40108 was $280,000 in April 2024, down 1.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $170K | -10.5% |
| 3 Bedrooms | $270K | $279.9K | +3.7% |
| 4 Bedrooms | $382.4K | $309.9K | -19.0% |
| 5+ Bedrooms | $485K | $452K | -6.8% |
Summary: 40108 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 10.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Zip Codes
| 40108 | $285K | $280K | -1.8% |
| 40142 | $238.5K | $225K | -5.7% |
Housing Supply in 40108, KY
How many homes are available in 40108, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Summary: The 40108 real estate market had 43 homes for sale in April 2024, a 10.3% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 40108 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 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40108, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 40108 in April 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for 40108, KY
How long does it take to sell a home in 40108, KY?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 40108 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 11 homes were sold in 40108; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.