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 December 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

$270,997

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$7,332(-2.6%)

Key Takeaway

Homes in 40165 have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in 40165 was $270,997 in December 2024, down 2.6% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $178K$171K
-3.9%
2 $166K$229.9K
+38.5%
3 $259K$251.4K
-2.9%
4 $349.9K$324K
-7.4%
5+ $561K$529.9K
-5.5%

Summary: 40165 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

40047
+14.0%
40229
-0.5%
40165
-2.6%

Housing Supply in 40165, KY

How many homes are available in 40165, KY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
135121-10.4%

Summary: The 40165 real estate market had 121 homes for sale in December 2024, a 10.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 2019
-5.0%
3 8570
-17.6%
4 2221
-4.5%
5+ 811
+37.5%

Summary: The 40165 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3622-38.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40165, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 40165 in December 2024, down by 38.9% month-over-month. Of the 22 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.

Days on Market for 40165, KY

How long does it take to sell a home in 40165, KY?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 40165 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 22 homes were sold in 40165; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in 40165, KY

Nearby Markets to 40165, KY