Is 40503, 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, 40503 has remained a Seller's Market.
Housing Prices in 40503, KY
How much do homes in 40503, KY cost?
Median Sold Price
$324,966
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 40503 was $324,966 in March 2024, up 6.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95.6K | $144.9K | +51.5% |
2 Bedrooms | $216.4K | $216K | -0.2% |
3 Bedrooms | $290K | $312.5K | +7.8% |
4 Bedrooms | $344.5K | $370K | +7.4% |
5+ Bedrooms | $337.5K | $397.5K | +17.8% |
Summary: 40503 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in 40503, KY
How many homes are available in 40503, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 71 | +29.1% |
Summary: The 40503 real estate market had 71 homes for sale in March 2024, a 29.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 19 | 23 | +21.1% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 40503 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 40503 in March 2024, up by 27.8% month-over-month. Of the 23 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% were sold over asking.
Days on Market for 40503, KY
How long does it take to sell a home in 40503, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 20 Days | +21.7% |
Summary: Homes in 40503 had an average of 20 days on market in Mar 2024, up by 21.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 40503; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.