Is 40220, 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, 40220 has remained a Seller's Market.
Housing Prices in 40220, KY
How much do homes in 40220, KY cost?
Median Sold Price
$271,975
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 40220 was $271,975 in March 2024, up 2.6% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $80K | +6.7% |
2 Bedrooms | $175K | $182K | +4.0% |
3 Bedrooms | $265K | $276K | +4.2% |
4 Bedrooms | $309.9K | $304K | -1.9% |
5+ Bedrooms | $360K | $359K | -0.3% |
Summary: 40220 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 0.3%.
Housing Supply in 40220, KY
How many homes are available in 40220, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 77 | 0.0% |
Summary: The 40220 real estate market had 77 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 48 | 49 | +2.1% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 40220 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 decreased by 7.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 32 | +45.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 40220 in March 2024, up by 45.5% month-over-month. Of the 32 sold homes, 47% were sold under asking, 25% were sold at asking, and 28% were sold over asking.
Days on Market for 40220, KY
We’re sorry, we don't have information for this market at the moment