$3,503 Closing Credit*
$294,990
1,243 SqFt
2 Beds
•2 Full Baths
Listing Office: HMS Real Estate
Is 40047, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 40047 has remained a Seller's Market.
Key Takeaway
40047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40047, KY
How much do homes in 40047, KY cost?
Median Sold Price
$292,500
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+10.4%)
Key Takeaway
Homes in 40047 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 40047 was $292,500 in November 2024, up 10.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237.4K | $230K | -3.1% |
| 3 Bedrooms | $260K | $287.5K | +10.6% |
| 4 Bedrooms | $375K | $377.5K | +0.7% |
| 5+ Bedrooms | $399.9K | $433K | +8.3% |
Summary: 40047 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in 40047, KY
How many homes are available in 40047, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 41 | -21.2% |
Summary: The 40047 real estate market had 41 homes for sale in November 2024, a 21.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 37 | 30 | -18.9% |
| 4 Bedrooms | 13 | 7 | -46.2% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 40047 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 18.9%, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40047, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 40047 in November 2024, down by 46.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 40047, KY
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.