Is 40223, 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, 40223 has remained a Seller's Market.
Key Takeaway
40223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40223, KY
How much do homes in 40223, KY cost?
Median Sold Price
$327,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 40223 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 40223 was $327,500 in April 2024, up 6% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120.5K | $121.8K | +1.1% |
| 2 Bedrooms | $197.2K | $205K | +3.9% |
| 3 Bedrooms | $268.4K | $325K | +21.1% |
| 4 Bedrooms | $465.2K | $469K | +0.8% |
| 5+ Bedrooms | $522.5K | $889.1K | +70.2% |
Summary: 40223 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 70.2%.
Housing Supply in 40223, KY
How many homes are available in 40223, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 65 | +3.2% |
Summary: The 40223 real estate market had 65 homes for sale in April 2024, a 3.2% 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 | 17 | 20 | +17.6% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 40223 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 17.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40223, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 40223 in April 2024, down by 12.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 32% were sold at asking, and 27% were sold over asking.
Days on Market for 40223, KY
We’re sorry, we don't have information for this market at the moment
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