Is 40006, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40006 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 40006 was a Seller's Market.

Key Takeaway

40006 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 40006, KY

How much do homes in 40006, KY cost?

Median Sold Price

$230,750

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,750(+2.6%)

Key Takeaway

Homes in 40006 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 40006 was $230,750 in October 2024, up 2.6% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $320K$150K
-53.1%
2 $210K$235K
+11.9%
3 $213K$225.2K
+5.8%
4 $242.4K$241.5K
-0.4%
5+ --
N/A

Summary: 40006 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.1%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.

Housing Supply in 40006, KY

How many homes are available in 40006, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1713-23.5%

Summary: The 40006 real estate market had 13 homes for sale in October 2024, a 23.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 20
-100.0%
3 1311
-15.4%
4 11
0.0%
5+ 00
0.0%

Summary: The 40006 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40006, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 40006 in October 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 40006, KY

We’re sorry, we don't have information for this market at the moment

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

Report Updated 21 Days Ago

Newest Listings in 40006, KY

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