Is 40004, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40004 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 40004 has remained a Seller's Market.

Key Takeaway

40004 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40004, KY

How much do homes in 40004, KY cost?

Median Sold Price

$267,800

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,466(+4.1%)

Key Takeaway

Homes in 40004 have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in 40004 was $267,800 in December 2024, up 4.1% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $150K$254K
+69.3%
2 $184K$225K
+22.3%
3 $254.9K$267.9K
+5.1%
4 $347.5K$350K
+0.7%
5+ $392.5K$468K
+19.2%

Summary: 40004 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.3%, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Zip Codes

40013
+14.2%
40004
+4.1%

Housing Supply in 40004, KY

How many homes are available in 40004, KY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
155160+3.2%

Summary: The 40004 real estate market had 160 homes for sale in December 2024, a 3.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1317
+30.8%
3 109109
0.0%
4 2327
+17.4%
5+ 107
-30.0%

Summary: The 40004 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3532-8.6%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40004, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 40004 in December 2024, down by 8.6% month-over-month. Of the 32 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.

Days on Market for 40004, KY

How long does it take to sell a home in 40004, KY?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 40004 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 32 homes were sold in 40004; 3% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 40004, KY

Nearby Markets to 40004, KY