Is 40299, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40299 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 40299 has remained a Seller's Market.

Key Takeaway

40299 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40299, KY

How much do homes in 40299, KY cost?

Median Sold Price

$300,400

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,200(+4.2%)

Key Takeaway

Homes in 40299 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 40299 was $300,400 in February 2024, up 4.2% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $205.5K$230K
+11.9%
3 $273K$284.1K
+4.1%
4 $390K$382.5K
-1.9%
5+ $425K$588.3K
+38.4%

Summary: 40299 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 38.4%.

Median Sold Price Compared To Nearby Zip Codes

40023
+12.2%
40243
+7.8%
40299
+4.2%
40220
+1.6%
40291
-3.3%

Housing Supply in 40299, KY

How many homes are available in 40299, KY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
119134+12.6%

Summary: The 40299 real estate market had 134 homes for sale in February 2024, a 12.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1622
+37.5%
3 5263
+21.2%
4 4542
-6.7%
5+ 67
+16.7%

Summary: The 40299 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2631+19.2%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40299, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 40299 in February 2024, up by 19.2% month-over-month. Of the 31 sold homes, 74% were sold under asking, 16% were sold at asking, and 10% were sold over asking.

Days on Market for 40299, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 40299, KY

Nearby Markets to 40299, KY