Is 40229, 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, 40229 has remained a Seller's Market.
Key Takeaway
40229 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40229, KY
How much do homes in 40229, KY cost?
Median Sold Price
$250,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 40229 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 40229 was $250,000 in March 2024, up 2.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $166K | N/A |
| 2 Bedrooms | $182.8K | $187.4K | +2.5% |
| 3 Bedrooms | $218.9K | $232.6K | +6.3% |
| 4 Bedrooms | $324.9K | $331K | +1.9% |
| 5+ Bedrooms | $325K | $395K | +21.5% |
Summary: 40229 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 2.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 21.5%.
Housing Supply in 40229, KY
How many homes are available in 40229, KY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 139 | 128 | -7.9% |
Summary: The 40229 real estate market had 128 homes for sale in March 2024, a 7.9% 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 | 12 | 8 | -33.3% |
| 3 Bedrooms | 71 | 59 | -16.9% |
| 4 Bedrooms | 52 | 56 | +7.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 40229 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 33.3%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 37 | -21.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40229, expect to pay close to the asking price. 43.2% of homes here sold near the asking price last month.
Summary: A total of 37 homes were sold or pending in 40229 in March 2024, down by 21.3% month-over-month. Of the 37 sold homes, 30% were sold under asking, 43% were sold at asking, and 27% were sold over asking.
Days on Market for 40229, KY
We’re sorry, we don't have information for this market at the moment
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.