Is 40337, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40337 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 40337 has remained a Seller's Market.

Key Takeaway

40337 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40337, KY

How much do homes in 40337, KY cost?

Median Sold Price

$209,900

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$19,900(+10.5%)

Key Takeaway

Homes in 40337 have sold for 10.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $74.9K$165K
+120.3%
3 $187.4K$211.4K
+12.8%
4 $233.2K$305K
+30.8%
5+ $252K-
N/A

Summary: 40337 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 120.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

40337
+10.5%
40353
-0.8%

Housing Supply in 40337, KY

How many homes are available in 40337, KY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1012+20.0%

Summary: The 40337 real estate market had 12 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 67
+16.7%
4 44
0.0%
5+ 00
0.0%

Summary: The 40337 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 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40337, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 40337 in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 40337, KY

How long does it take to sell a home in 40337, KY?

Average Sale Time

Apr 2023Apr 2024CHANGE
81 Days202 Days+148.2%

Summary: Homes in 40337 had an average of 202 days on market in Apr 2024, up by 148.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 40337 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 3 homes were sold in 40337; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

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

Report Updated 14 Days Ago

Newest Listings in 40337, KY

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