Is 40356, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 40356 has remained a Seller's Market.
Housing Prices in 40356, KY
How much do homes in 40356, KY cost?
Median Sold Price
$316,916
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 40356 was $316,916 in March 2024, up 4.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $191K | +324.4% |
2 Bedrooms | $158.7K | $175K | +10.2% |
3 Bedrooms | $250K | $272.5K | +9.0% |
4 Bedrooms | $401.3K | $469K | +16.8% |
5+ Bedrooms | $615K | $670.3K | +9.0% |
Summary: 40356 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 324.4%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 9%.
Housing Supply in 40356, KY
How many homes are available in 40356, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
129 | 146 | +13.2% |
Summary: The 40356 real estate market had 146 homes for sale in March 2024, a 13.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 3 | -57.1% |
3 Bedrooms | 56 | 67 | +19.6% |
4 Bedrooms | 45 | 50 | +11.1% |
5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The 40356 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 57.1%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 25 | -10.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in 40356 in March 2024, down by 10.7% month-over-month. Of the 25 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for 40356, KY
How long does it take to sell a home in 40356, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 27 Days | -14.1% |
Summary: Homes in 40356 had an average of 27 days on market in Mar 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in 40356; 64% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.