Is 40204, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40204 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 40204 has remained a Seller's Market.

Key Takeaway

40204 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40204, KY

How much do homes in 40204, KY cost?

Median Sold Price

$308,333

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,583(+3.9%)

Key Takeaway

Homes in 40204 have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in 40204 was $308,333 in November 2024, up 3.9% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $151.5K$160K
+5.6%
2 $250K$252K
+0.8%
3 $335K$347.5K
+3.7%
4 $569.5K$635K
+11.5%
5+ $607.5K$785K
+29.2%

Summary: 40204 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 29.2%.

Median Sold Price Compared To Nearby Zip Codes

40205
+7.7%
40206
+4.9%
40204
+3.9%
40217
+1.4%
40202
-14.4%

Housing Supply in 40204, KY

How many homes are available in 40204, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6770+4.5%

Summary: The 40204 real estate market had 70 homes for sale in November 2024, a 4.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 2630
+15.4%
3 2521
-16.0%
4 911
+22.2%
5+ 34
+33.3%

Summary: The 40204 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 15.4%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2314-39.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40204, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in 40204 in November 2024, down by 39.1% month-over-month. Of the 14 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.

Days on Market for 40204, 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 40204, KY

Nearby Markets to 40204, KY