Is 40351, 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, 40351 has remained a Seller's Market.
Housing Prices in 40351, KY
How much do homes in 40351, KY cost?
Median Sold Price
$215,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 40351 was $215,000 in April 2024, up 4.9% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $133K | -46.8% |
3 Bedrooms | $168.5K | $215K | +27.6% |
4 Bedrooms | $250K | $275K | +10.0% |
5+ Bedrooms | $303K | $472.5K | +55.9% |
Summary: 40351 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 decreased by 46.8%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 55.9%.
Median Sold Price Compared To Nearby Zip Codes
41164 | $124K | $139.9K | +12.8% |
40351 | $205K | $215K | +4.9% |
40371 | $142K | $140K | -1.4% |
41049 | $249.9K | $165K | -34.0% |
Housing Supply in 40351, KY
How many homes are available in 40351, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 54 | +8.0% |
Summary: The 40351 real estate market had 54 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 5 | -44.4% |
3 Bedrooms | 27 | 28 | +3.7% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 40351 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 decreased by 44.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 40351 in April 2024, down by 7.7% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 40351, KY
How long does it take to sell a home in 40351, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 64 Days | +178.6% |
Summary: Homes in 40351 had an average of 64 days on market in Apr 2024, up by 178.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in 40351; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.