Is 40342, 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, 40342 has remained a Seller's Market.
Housing Prices in 40342, KY
How much do homes in 40342, KY cost?
Median Sold Price
$242,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 40342 was $242,500 in April 2024, up 5.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $11.2K | $100.1K | +789.9% |
2 Bedrooms | $152K | $169.9K | +11.8% |
3 Bedrooms | $225K | $240K | +6.7% |
4 Bedrooms | $327K | $350K | +7.0% |
5+ Bedrooms | $349.9K | $437.4K | +25.0% |
Summary: 40342 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 789.9%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Zip Codes
40342 | $229.9K | $242.5K | +5.5% |
40372 | $265K | $235.8K | -11.0% |
Housing Supply in 40342, KY
How many homes are available in 40342, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 83 | +12.2% |
Summary: The 40342 real estate market had 83 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 54 | 57 | +5.6% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The 40342 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 16 | -36.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 40342 in April 2024, down by 36.0% month-over-month. Of the 16 sold homes, 56% were sold under asking, 19% were sold at asking, and 25% were sold over asking.
Days on Market for 40342, KY
How long does it take to sell a home in 40342, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 29 Days | -37.9% |
Summary: Homes in 40342 had an average of 29 days on market in Apr 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 40342; 56% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.