$3,177 Closing Credit*
$267,500
1,259 SqFt
3 Beds
•2 Full Baths
Listing Office: Elite KY Homes, LLC
Is 40118, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 40118 has remained a Seller's Market.
Key Takeaway
40118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40118, KY
How much do homes in 40118, KY cost?
Median Sold Price
$218,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,000(+14.7%)
Key Takeaway
Homes in 40118 have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in 40118 was $218,000 in October 2024, up 14.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $136.8K | $145K | +6.0% |
| 2 Bedrooms | $140K | $183.5K | +31.1% |
| 3 Bedrooms | $195K | $225K | +15.4% |
| 4 Bedrooms | $245K | $235K | -4.1% |
| 5+ Bedrooms | $223K | $185K | -17.0% |
Summary: 40118 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 31.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 17%.
Housing Supply in 40118, KY
How many homes are available in 40118, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Summary: The 40118 real estate market had 17 homes for sale in October 2024, a 19.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 40118 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 60%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 40118, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 40118 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for 40118, KY
We’re sorry, we don't have information for this market at the moment
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