Is 40504, 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, 40504 has remained a Seller's Market.
Housing Prices in 40504, KY
How much do homes in 40504, KY cost?
Median Sold Price
$250,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 40504 was $250,000 in March 2024, up 8.2% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $117.5K | +6.8% |
2 Bedrooms | $152.5K | $170K | +11.5% |
3 Bedrooms | $235K | $240K | +2.1% |
4 Bedrooms | $257.5K | $292.5K | +13.6% |
5+ Bedrooms | $445.3K | $358K | -19.6% |
Summary: 40504 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 19.6%.
Housing Supply in 40504, KY
How many homes are available in 40504, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 37 | +2.8% |
Summary: The 40504 real estate market had 37 homes for sale in March 2024, a 2.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 40504 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 40504 in March 2024, up by 66.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 40504, KY
How long does it take to sell a home in 40504, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 8 Days | -24.6% |
Summary: Homes in 40504 had an average of 8 days on market in Mar 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 40504; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.