Is 40601, 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, 40601 has remained a Seller's Market.
Key Takeaway
40601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40601, KY
How much do homes in 40601, KY cost?
Median Sold Price
$230,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 40601 has remained the same since last year.
Summary: The median home sold price in 40601 was $230,000 in April 2024, down 0.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96K | $157.7K | +64.3% |
| 2 Bedrooms | $151K | $155K | +2.6% |
| 3 Bedrooms | $229.9K | $235K | +2.2% |
| 4 Bedrooms | $282.5K | $275K | -2.7% |
| 5+ Bedrooms | $394.7K | $358.5K | -9.2% |
Summary: 40601 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Zip Codes
| 40347 | $257.5K | $358.5K | +39.2% |
| 40003 | $261.7K | $340K | +29.9% |
| 40379 | $238.8K | $300K | +25.6% |
| 40057 | $177.7K | $221.9K | +24.9% |
| 40601 | $230.2K | $230K | -0.1% |
Housing Supply in 40601, KY
How many homes are available in 40601, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 160 | 182 | +13.8% |
Summary: The 40601 real estate market had 182 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 91 | 102 | +12.1% |
| 4 Bedrooms | 32 | 33 | +3.1% |
| 5+ Bedrooms | 10 | 17 | +70.0% |
Summary: The 40601 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 13%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 56 | +21.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40601, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in 40601 in April 2024, up by 21.7% month-over-month. Of the 56 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 40601, KY
How long does it take to sell a home in 40601, KY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 34 Days | -1.2% |
Summary: Homes in 40601 had an average of 34 days on market in Apr 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 40601 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 56 homes were sold in 40601; 64% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.