Is 40014, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40014 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 40014 has remained a Seller's Market.

Key Takeaway

40014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40014, KY

How much do homes in 40014, KY cost?

Median Sold Price

$480,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,666(+1.0%)

Key Takeaway

Homes in 40014 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 40014 was $480,000 in October 2024, up 1% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $214.2K$214K
-0.1%
3 $370K$375K
+1.4%
4 $549.9K$535K
-2.7%
5+ $750K$742K
-1.1%

Summary: 40014 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Zip Codes

40031
+6.0%
40014
+1.0%
40245
0.3%
40056
-1.4%

Housing Supply in 40014, KY

How many homes are available in 40014, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
110106-3.6%

Summary: The 40014 real estate market had 106 homes for sale in October 2024, a 3.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 119
-18.2%
3 3028
-6.7%
4 4948
-2.0%
5+ 2021
+5.0%

Summary: The 40014 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 18.2%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2823-17.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40014, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 40014 in October 2024, down by 17.9% month-over-month. Of the 23 sold homes, 65% were sold under asking, 9% were sold at asking, and 26% were sold over asking.

Days on Market for 40014, 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 17 Days Ago

Newest Listings in 40014, KY

Nearby Markets to 40014, KY