Is 42240, 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, 42240 has remained a Seller's Market.
Key Takeaway
42240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 42240, KY
How much do homes in 42240, KY cost?
Median Sold Price
$216,125
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 42240 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 42240 was $216,125 in April 2024, up 8.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114.5K | $90K | -21.4% |
| 2 Bedrooms | $124K | $105K | -15.3% |
| 3 Bedrooms | $200K | $215K | +7.5% |
| 4 Bedrooms | $234K | $268K | +14.5% |
| 5+ Bedrooms | $325K | $339K | +4.3% |
Summary: 42240 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 15.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in 42240, KY
How many homes are available in 42240, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 112 | 108 | -3.6% |
Summary: The 42240 real estate market had 108 homes for sale in April 2024, a 3.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 58 | 52 | -10.3% |
| 4 Bedrooms | 36 | 39 | +8.3% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 42240 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 decreased by 10.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 42240, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 42240 in April 2024, up by 11.5% month-over-month. Of the 28 sold homes, 46% were sold under asking, 39% were sold at asking, and 14% were sold over asking.
Days on Market for 42240, KY
How long does it take to sell a home in 42240, KY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 46 Days | +57.4% |
Summary: Homes in 42240 had an average of 46 days on market in Apr 2024, up by 57.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 42240 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in 42240; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.
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.
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.