Is 40033, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40033 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 40033 was a Seller's Market.

Key Takeaway

40033 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 40033, KY

How much do homes in 40033, KY cost?

Median Sold Price

$165,413

$151/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$109,587(-39.8%)

Key Takeaway

Homes in 40033 have sold for 39.8% less than they did a month ago.

Summary: The median home sold price in 40033 was $165,413 in November 2024, down 39.8% from last month, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $135K-
N/A
3 $275K$165K
-40.0%
4 $420K$165.8K
-60.5%
5+ --
N/A

Summary: 40033 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 60.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

42718
+5.2%
40033
-39.8%

Housing Supply in 40033, KY

How many homes are available in 40033, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1613-18.8%

Summary: The 40033 real estate market had 13 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 109
-10.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The 40033 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 decreased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40033, 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 40033 in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 40033, KY

How long does it take to sell a home in 40033, KY?

Average Sale Time

Oct 2024Nov 2024CHANGE
36 Days207 Days+475.0%

Summary: Homes in 40033 had an average of 207 days on market in Nov 2024, up by 475% compared to last month.

Breakdown of Home Sale Times

0 Homes Were 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

Most homes in 40033 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in 40033; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

Newest Listings in 40033, KY

Nearby Markets to 40033, KY