Is 42503, 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, 42503 was a Seller's Market.
Housing Prices in 42503, KY
How much do homes in 42503, KY cost?
Median Sold Price
$287,643
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $63K | $57.5K | -8.7% |
2 Bedrooms | $180K | $125K | -30.6% |
3 Bedrooms | $244.5K | $249K | +1.8% |
4 Bedrooms | $329K | $372K | +13.1% |
5+ Bedrooms | $510K | $564.9K | +10.8% |
Summary: 42503 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes decreased by 30.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 10.8%.
Housing Supply in 42503, KY
How many homes are available in 42503, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 150 | +32.7% |
Summary: The 42503 real estate market had 150 homes for sale in March 2024, a 32.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 53 | 70 | +32.1% |
4 Bedrooms | 37 | 48 | +29.7% |
5+ Bedrooms | 17 | 25 | +47.1% |
Summary: The 42503 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 increased by 16.7%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes increased by 47.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 20 | +122.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 42503 in March 2024, up by 122.2% month-over-month. Of the 20 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 42503, KY
How long does it take to sell a home in 42503, KY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 78 Days | +29.6% |
Summary: Homes in 42503 had an average of 78 days on market in Mar 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 42503; 45% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.