Is 40383, 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, 40383 has remained a Seller's Market.
Housing Prices in 40383, KY
How much do homes in 40383, KY cost?
Median Sold Price
$338,500
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 40383 was $338,500 in April 2024, up 7.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | - | N/A |
2 Bedrooms | $186K | $165K | -11.3% |
3 Bedrooms | $275K | $275.5K | 0.2% |
4 Bedrooms | $400K | $412.5K | +3.1% |
5+ Bedrooms | $512.5K | $572.5K | +11.7% |
Summary: 40383 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 11.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Zip Codes
40390 | $222.5K | $300K | +34.8% |
40383 | $315K | $338.5K | +7.5% |
40513 | $517K | $500K | -3.3% |
40372 | $265K | $235.8K | -11.0% |
Housing Supply in 40383, KY
How many homes are available in 40383, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 58 | +20.8% |
Summary: The 40383 real estate market had 58 homes for sale in April 2024, a 20.8% 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 | 2 | 5 | +150.0% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 40383 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 150%, 3 bedroom homes increased by 24%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 40383 in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 50% were sold at asking, and 20% were sold over asking.
Days on Market for 40383, KY
How long does it take to sell a home in 40383, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 29 Days | -42.9% |
Summary: Homes in 40383 had an average of 29 days on market in Apr 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 40383; 70% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.