Is 40744, 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, 40744 has remained a Seller's Market.
Housing Prices in 40744, KY
How much do homes in 40744, KY cost?
Median Sold Price
$225,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 40744 was $225,000 in April 2024, up 7.1% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $135K | $155.3K | +15.1% |
3 Bedrooms | $209.9K | $224.5K | +6.9% |
4 Bedrooms | $278.5K | $283K | +1.6% |
5+ Bedrooms | $210K | $385K | +83.3% |
Summary: 40744 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 83.3%.
Housing Supply in 40744, KY
How many homes are available in 40744, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 66 | +10.0% |
Summary: The 40744 real estate market had 66 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 37 | 44 | +18.9% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 40744 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 remained the same, 3 bedroom homes increased by 18.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 40744 in April 2024, the same as the previous month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for 40744, KY
How long does it take to sell a home in 40744, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 57 Days | -23.7% |
Summary: Homes in 40744 had an average of 57 days on market in Apr 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in 40744; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.