Is 40515, 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, 40515 has remained a Seller's Market.
Housing Prices in 40515, KY
How much do homes in 40515, KY cost?
Median Sold Price
$365,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 40515 was $365,000 in April 2024, up 7.4% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $200K | $205K | +2.5% |
3 Bedrooms | $284.7K | $299.9K | +5.3% |
4 Bedrooms | $400K | $420K | +5.0% |
5+ Bedrooms | $575K | $584.8K | +1.7% |
Summary: 40515 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 2.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 40515, KY
How many homes are available in 40515, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 120 | +14.3% |
Summary: The 40515 real estate market had 120 homes for sale in April 2024, a 14.3% increase 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 | 7 | 15 | +114.3% |
3 Bedrooms | 32 | 33 | +3.1% |
4 Bedrooms | 40 | 44 | +10.0% |
5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The 40515 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 increased by 114.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 37 | +23.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 40515 in April 2024, up by 23.3% month-over-month. Of the 37 sold homes, 24% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for 40515, KY
How long does it take to sell a home in 40515, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 25 Days | +32.3% |
Summary: Homes in 40515 had an average of 25 days on market in Apr 2024, up by 32.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in 40515; 81% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.