Is 40008, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40008 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 40008 has remained a Buyer's Market.

Key Takeaway

40008 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 40008, KY

How much do homes in 40008, KY cost?

Median Sold Price

$229,975

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,975(+3.6%)

Key Takeaway

Homes in 40008 have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in 40008 was $229,975 in November 2024, up 3.6% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205K$290K
+41.5%
2 $198.7K$187K
-5.9%
3 $215.9K$229.9K
+6.5%
4 $319.2K$287.6K
-9.9%
5+ $344.5K$650K
+88.7%

Summary: 40008 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.5%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 88.7%.

Median Sold Price Compared To Nearby Zip Codes

40008
+3.6%
40071
-3.5%

Housing Supply in 40008, KY

How many homes are available in 40008, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1513-13.3%

Summary: The 40008 real estate market had 13 homes for sale in November 2024, a 13.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 108
-20.0%
4 32
-33.3%
5+ 11
0.0%

Summary: The 40008 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40008, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 40008 in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 40008, 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 18 Days Ago

Newest Listings in 40008, KY

Nearby Markets to 40008, KY