Is 40216, 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, 40216 has remained a Seller's Market.
Housing Prices in 40216, KY
How much do homes in 40216, KY cost?
Median Sold Price
$191,823
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 40216 was $191,823 in March 2024, up 6.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $92.1K | - | N/A |
2 Bedrooms | $143.6K | $155K | +7.9% |
3 Bedrooms | $184K | $200K | +8.7% |
4 Bedrooms | $196.9K | $202.2K | +2.7% |
5+ Bedrooms | $220K | $246K | +11.8% |
Summary: 40216 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 7.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 11.8%.
Housing Supply in 40216, KY
How many homes are available in 40216, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
124 | 123 | -0.8% |
Summary: The 40216 real estate market had 123 homes for sale in March 2024, a 0.8% 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 | 23 | 28 | +21.7% |
3 Bedrooms | 85 | 81 | -4.7% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 40216 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 21.7%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 46 | +39.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in 40216 in March 2024, up by 39.4% month-over-month. Of the 46 sold homes, 33% were sold under asking, 39% were sold at asking, and 28% were sold over asking.
Days on Market for 40216, KY
We’re sorry, we don't have information for this market at the moment