Is 40165, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40165 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 40165 has remained a Seller's Market.

Key Takeaway

40165 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40165, KY

How much do homes in 40165, KY cost?

Median Sold Price

$274,990

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,117(+0.8%)

Key Takeaway

Homes in 40165 have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in 40165 was $274,990 in October 2024, up 0.8% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $178K$171K
-3.9%
2 $173.5K$220K
+26.8%
3 $257K$255K
-0.8%
4 $350K$321.5K
-8.1%
5+ $563K$534.9K
-5.0%

Summary: 40165 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 26.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 5%.

Median Sold Price Compared To Nearby Zip Codes

40150
+20.5%
40047
+13.3%
40229
+0.9%
40165
+0.8%

Housing Supply in 40165, KY

How many homes are available in 40165, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118143+21.2%

Summary: The 40165 real estate market had 143 homes for sale in October 2024, a 21.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1416
+14.3%
3 7994
+19.0%
4 2023
+15.0%
5+ 510
+100.0%

Summary: The 40165 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 14.3%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
29290.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40165, expect to pay close to the asking price. 37.9% of homes here sold near the asking price last month.

Summary: A total of 29 homes were sold or pending in 40165 in October 2024, the same as the previous month. Of the 29 sold homes, 34% were sold under asking, 38% were sold at asking, and 28% were sold over asking.

Days on Market for 40165, 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 23 Days Ago

Newest Listings in 40165, KY

Nearby Markets to 40165, KY