Is 40517, 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, 40517 has remained a Seller's Market.
Housing Prices in 40517, KY
How much do homes in 40517, KY cost?
Median Sold Price
$235,900
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 40517 was $235,900 in March 2024, up 6.4% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.3K | $117.5K | +11.5% |
2 Bedrooms | $180K | $178.6K | -0.8% |
3 Bedrooms | $220K | $240K | +9.1% |
4 Bedrooms | $267.5K | $285.5K | +6.7% |
5+ Bedrooms | $332.6K | $340K | +2.2% |
Summary: 40517 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 40517, KY
How many homes are available in 40517, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 76 | +24.6% |
Summary: The 40517 real estate market had 76 homes for sale in March 2024, a 24.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 14 | 16 | +14.3% |
3 Bedrooms | 29 | 35 | +20.7% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 40517 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 40517 in March 2024, up by 14.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 21% were sold at asking, and 46% were sold over asking.
Days on Market for 40517, KY
How long does it take to sell a home in 40517, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
10 Days | 30 Days | +199.2% |
Summary: Homes in 40517 had an average of 30 days on market in Mar 2024, up by 199.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 40517; 54% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.