$4,121 Closing Credit*
$347,000
1,347 SqFt
2 Beds
•1 Full Bath
Listing Office: Redfin
Is 40207, 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, 40207 has remained a Seller's Market.
Key Takeaway
40207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40207, KY
How much do homes in 40207, KY cost?
Median Sold Price
$405,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+3.1%)
Key Takeaway
Homes in 40207 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 40207 was $405,000 in October 2024, up 3.1% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $117K | +17.0% |
| 2 Bedrooms | $239.5K | $240K | 0.2% |
| 3 Bedrooms | $395K | $405K | +2.5% |
| 4 Bedrooms | $478K | $516K | +7.9% |
| 5+ Bedrooms | $712.5K | $860K | +20.7% |
Summary: 40207 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 20.7%.
Housing Supply in 40207, KY
How many homes are available in 40207, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 118 | +16.8% |
Summary: The 40207 real estate market had 118 homes for sale in October 2024, a 16.8% increase 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 | 21 | 21 | 0.0% |
| 3 Bedrooms | 41 | 50 | +22.0% |
| 4 Bedrooms | 25 | 33 | +32.0% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 40207 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 remained the same, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40207, you may be able to get a good deal. 38.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 40207 in October 2024, down by 6.1% month-over-month. Of the 31 sold homes, 39% were sold under asking, 23% were sold at asking, and 39% were sold over asking.
Days on Market for 40207, KY
We’re sorry, we don't have information for this market at the moment
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