Is 40515, 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, 40515 has remained a Seller's Market.
Housing Prices in 40515, KY
How much do homes in 40515, KY cost?
Median Sold Price
$359,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 40515 was $359,000 in March 2024, up 6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $197.4K | $207.5K | +5.1% |
3 Bedrooms | $284.2K | $294.9K | +3.8% |
4 Bedrooms | $400K | $430K | +7.5% |
5+ Bedrooms | $585K | $571.4K | -2.3% |
Summary: 40515 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in 40515, KY
How many homes are available in 40515, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 109 | +12.4% |
Summary: The 40515 real estate market had 109 homes for sale in March 2024, a 12.4% 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 | 7 | 7 | 0.0% |
3 Bedrooms | 36 | 33 | -8.3% |
4 Bedrooms | 33 | 43 | +30.3% |
5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The 40515 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 40515 in March 2024, up by 16.0% month-over-month. Of the 29 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% were sold over asking.
Days on Market for 40515, KY
How long does it take to sell a home in 40515, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 32 Days | +82.1% |
Summary: Homes in 40515 had an average of 32 days on market in Mar 2024, up by 82.1% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 40515; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.