Is 40741, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 40741 was a Seller's Market.
Housing Prices in 40741, KY
How much do homes in 40741, KY cost?
Median Sold Price
$210,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 40741 was $210,000 in March 2024, up 1.3% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.9K | $151.8K | +87.6% |
2 Bedrooms | $125K | $145.7K | +16.6% |
3 Bedrooms | $195K | $206K | +5.6% |
4 Bedrooms | $307.5K | $269.9K | -12.2% |
5+ Bedrooms | $500K | $452.5K | -9.5% |
Summary: 40741 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.6%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in 40741, KY
How many homes are available in 40741, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 74 | +15.6% |
Summary: The 40741 real estate market had 74 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 36 | 45 | +25.0% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 40741 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 12.5%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 40741 in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 40741, KY
How long does it take to sell a home in 40741, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 35 Days | -44.4% |
Summary: Homes in 40741 had an average of 35 days on market in Mar 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 40741; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.