Is 40391, 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, 40391 has remained a Seller's Market.
Housing Prices in 40391, KY
How much do homes in 40391, KY cost?
Median Sold Price
$234,303
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 40391 was $234,303 in April 2024, up 6.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $173.8K | - | N/A |
2 Bedrooms | $138.4K | $164.5K | +18.8% |
3 Bedrooms | $220.6K | $224.9K | +1.9% |
4 Bedrooms | $247.9K | $295.2K | +19.1% |
5+ Bedrooms | $306K | $370K | +20.9% |
Summary: 40391 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 18.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 20.9%.
Housing Supply in 40391, KY
How many homes are available in 40391, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
130 | 118 | -9.2% |
Summary: The 40391 real estate market had 118 homes for sale in April 2024, a 9.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 77 | 68 | -11.7% |
4 Bedrooms | 33 | 27 | -18.2% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 40391 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 12.5%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 38 | -5.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 40391 in April 2024, down by 5.0% month-over-month. Of the 38 sold homes, 55% were sold under asking, 26% were sold at asking, and 18% were sold over asking.
Days on Market for 40391, KY
How long does it take to sell a home in 40391, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 24 Days | -26.7% |
Summary: Homes in 40391 had an average of 24 days on market in Apr 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in 40391; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.