Is 40245, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 40245 has remained a Seller's Market.
Housing Prices in 40245, KY
How much do homes in 40245, KY cost?
Median Sold Price
$458,627
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 40245 was $458,627 in May 2024, up 1.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $309.5K | $323K | +4.4% |
3 Bedrooms | $371.1K | $373.5K | +0.6% |
4 Bedrooms | $475K | $471.5K | -0.7% |
5+ Bedrooms | $595.7K | $655K | +10.0% |
Summary: 40245 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 10%.
Housing Supply in 40245, KY
How many homes are available in 40245, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
166 | 191 | +15.1% |
Summary: The 40245 real estate market had 191 homes for sale in May 2024, a 15.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 9 | -30.8% |
3 Bedrooms | 51 | 60 | +17.6% |
4 Bedrooms | 69 | 79 | +14.5% |
5+ Bedrooms | 33 | 43 | +30.3% |
Summary: The 40245 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 30.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 66 | +50.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in 40245 in May 2024, up by 50.0% month-over-month. Of the 66 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.
Days on Market for 40245, KY
We’re sorry, we don't have information for this market at the moment