Is 40403, 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, 40403 has remained a Seller's Market.
Housing Prices in 40403, KY
How much do homes in 40403, KY cost?
Median Sold Price
$245,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 40403 was $245,000 in April 2024, up 4.3% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.4K | - | N/A |
2 Bedrooms | $151.4K | $125K | -17.4% |
3 Bedrooms | $229.9K | $235K | +2.2% |
4 Bedrooms | $270K | $299.5K | +10.9% |
5+ Bedrooms | $332.5K | $345K | +3.8% |
Summary: 40403 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 17.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 40403, KY
How many homes are available in 40403, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 85 | +18.1% |
Summary: The 40403 real estate market had 85 homes for sale in April 2024, a 18.1% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 42 | 51 | +21.4% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 40403 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 66.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 40403 in April 2024, the same as the previous month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for 40403, KY
How long does it take to sell a home in 40403, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 38 Days | +22.0% |
Summary: Homes in 40403 had an average of 38 days on market in Apr 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 40403; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.