Is 40241, 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, 40241 has remained a Seller's Market.
Key Takeaway
40241 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40241, KY
How much do homes in 40241, KY cost?
Median Sold Price
$370,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 40241 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 40241 was $370,500 in April 2024, up 1.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.9K | $172.5K | +5.9% |
| 2 Bedrooms | $228.5K | $235.7K | +3.2% |
| 3 Bedrooms | $325K | $353.9K | +8.9% |
| 4 Bedrooms | $435K | $455K | +4.6% |
| 5+ Bedrooms | $600K | $591K | -1.5% |
Summary: 40241 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 40241, KY
How many homes are available in 40241, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 108 | +18.7% |
Summary: The 40241 real estate market had 108 homes for sale in April 2024, a 18.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 31 | 38 | +22.6% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 40241 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 40%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 33 | +37.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40241, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 40241 in April 2024, up by 37.5% month-over-month. Of the 33 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for 40241, KY
We’re sorry, we don't have information for this market at the moment
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