Is 42211, 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, 42211 has remained a Seller's Market.
Housing Prices in 42211, KY
How much do homes in 42211, KY cost?
Median Sold Price
$273,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 42211 was $273,000 in May 2024, up 14.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $153K | N/A |
2 Bedrooms | $160.5K | $161K | 0.3% |
3 Bedrooms | $222.5K | $267.7K | +20.3% |
4 Bedrooms | $350K | $420.5K | +20.1% |
5+ Bedrooms | $421K | $487.5K | +15.8% |
Summary: 42211 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 0.3%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in 42211, KY
How many homes are available in 42211, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 83 | +1.2% |
Summary: The 42211 real estate market had 83 homes for sale in May 2024, a 1.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 35 | 36 | +2.9% |
4 Bedrooms | 25 | 29 | +16.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 42211 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 42211 in May 2024, up by 5.3% month-over-month. Of the 20 sold homes, 50% were sold under asking, 45% were sold at asking, and 5% were sold over asking.
Days on Market for 42211, KY
How long does it take to sell a home in 42211, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 13 Days | +420.0% |
Summary: Homes in 42211 had an average of 13 days on market in May 2024, up by 420% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in 42211; 10% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.