Is 40202, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40202 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 40202 was a Neutral Market.

Key Takeaway

40202 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40202, KY

How much do homes in 40202, KY cost?

Median Sold Price

$285,000

$256/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$48,000(-14.4%)

Key Takeaway

Homes in 40202 have sold for 14.4% less than they did a year ago.

Summary: The median home sold price in 40202 was $285,000 in November 2024, down 14.4% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $262.5K$221.5K
-15.6%
2 $340K$345K
+1.5%
3 $1.1M$418.7K
-62.4%
4 --
N/A
5+ --
N/A

Summary: 40202 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 62.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

40212
+14.3%
40206
+4.9%
40204
+3.9%
40203
0.0%
40202
-14.4%

Housing Supply in 40202, KY

How many homes are available in 40202, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1516+6.7%

Summary: The 40202 real estate market had 16 homes for sale in November 2024, a 6.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 910
+11.1%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The 40202 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40202, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 40202 in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for 40202, 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 18 Days Ago

Newest Listings in 40202, KY

Nearby Markets to 40202, KY