Is 40055, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40055 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 40055 has remained a Seller's Market.

Key Takeaway

40055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40055, KY

How much do homes in 40055, KY cost?

Median Sold Price

$475,000

$168/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$112,500(+31.0%)

Key Takeaway

Homes in 40055 have sold for 31% more than they did a month ago.

Summary: The median home sold price in 40055 was $475,000 in October 2024, up 31% from last month, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $270K-
N/A
4 $455K-
N/A
5+ -$475K
N/A

Summary: 40055 housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 40055, KY

How many homes are available in 40055, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
75-28.6%

Summary: The 40055 real estate market had 5 homes for sale in October 2024, a 28.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The 40055 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were 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 40055, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 40055 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 40055, 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 13 Days Ago

Newest Listings in 40055, KY

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