Is 40175, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40175 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 40175 was a Buyer's Market.

Key Takeaway

40175 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40175, KY

How much do homes in 40175, KY cost?

Median Sold Price

$265,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$100(0.0%)

Key Takeaway

The sold price of homes in 40175 has remained the same since last year.

Summary: The median home sold price in 40175 was $265,000 in April 2024, the same as last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $49.9K-
N/A
2 $145K$108.7K
-25.0%
3 $222.5K$259.5K
+16.6%
4 $328.5K$310.2K
-5.6%
5+ $343.9K$366.2K
+6.5%

Summary: 40175 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 25%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

40160
+18.5%
40175
0.0%
40142
-5.7%

Housing Supply in 40175, KY

How many homes are available in 40175, KY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
36360.0%

Summary: The 40175 real estate market had 36 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2828
0.0%
4 77
0.0%
5+ 11
0.0%

Summary: The 40175 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
511+120.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40175, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 40175 in April 2024, up by 120.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for 40175, 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 9 Days Ago

Newest Listings in 40175, KY

Nearby Markets to 40175, KY