Is 42701, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 42701 was a Neutral Market.
Key Takeaway
42701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 42701, KY
How much do homes in 42701, KY cost?
Median Sold Price
$300,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 42701 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 42701 was $300,000 in April 2024, up 9.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48.5K | $114.9K | +137.0% |
| 2 Bedrooms | $160K | $172.7K | +8.0% |
| 3 Bedrooms | $260K | $264K | +1.5% |
| 4 Bedrooms | $310K | $325.7K | +5.1% |
| 5+ Bedrooms | $457.5K | $440K | -3.8% |
Summary: 42701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 137%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Zip Codes
| 40160 | $189.9K | $225K | +18.5% |
| 42701 | $275K | $300K | +9.1% |
Housing Supply in 42701, KY
How many homes are available in 42701, KY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 60 | -11.8% |
Summary: The 42701 real estate market had 60 homes for sale in April 2024, a 11.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 38 | 32 | -15.8% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 42701 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 42701, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 42701 in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for 42701, KY
We’re sorry, we don't have information for this market at the moment
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.