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 November 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

$650,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,683(+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 $650,000 in November 2024, up 0.3% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112.7K$125K
+10.9%
2 $295K$312.4K
+5.9%
3 $525K$585K
+11.4%
4 $672K$740K
+10.1%
5+ $895.2K$890K
-0.6%

Summary: 40059 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Zip Codes

40026
+10.0%
40222
+5.9%
40241
+3.2%
40059
0.3%

Housing Supply in 40059, KY

How many homes are available in 40059, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
127105-17.3%

Summary: The 40059 real estate market had 105 homes for sale in November 2024, a 17.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1916
-15.8%
3 3726
-29.7%
4 3833
-13.2%
5+ 3329
-12.1%

Summary: The 40059 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes decreased by 29.7%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 12.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4128-31.7%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 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. 67.9% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 40059 in November 2024, down by 31.7% month-over-month. Of the 28 sold homes, 68% were sold under asking, 7% were sold at asking, and 25% 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 21 Days Ago

Newest Listings in 40059, KY

Nearby Markets to 40059, KY