Is 40059, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40059 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 40059 has remained a Seller's Market.

Key Takeaway

40059 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40059, KY

How much do homes in 40059, KY cost?

Median Sold Price

$653,039

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,961(-0.3%)

Key Takeaway

The sold price of homes in 40059 has remained the same since last year.

Summary: The median home sold price in 40059 was $653,039 in October 2024, down 0.3% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $112.7K$125K
+10.9%
2 $276.5K$324.9K
+17.5%
3 $500K$586K
+17.2%
4 $675K$748K
+10.8%
5+ $906.5K$952.5K
+5.1%

Summary: 40059 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Zip Codes

40026
+15.1%
40222
+3.8%
40241
+1.7%
40059
-0.3%

Housing Supply in 40059, KY

How many homes are available in 40059, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
129131+1.6%

Summary: The 40059 real estate market had 131 homes for sale in October 2024, a 1.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1218
+50.0%
3 3333
0.0%
4 4242
0.0%
5+ 4238
-9.5%

Summary: The 40059 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2640+53.8%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40059, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 40059 in October 2024, up by 53.8% month-over-month. Of the 40 sold homes, 63% were sold under asking, 18% were sold at asking, and 20% were sold over asking.

Days on Market for 40059, 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 20 Days Ago

Newest Listings in 40059, KY

Nearby Markets to 40059, KY