$1,363 Closing Credit*
$114,800
728 SqFt
1 Bed
•1 Full Bath
Listing Office: RE/MAX Properties East
Is 40207, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$410,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+5.1%)
Key Takeaway
Homes in 40207 have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in 40207 was $410,000 in November 2024, up 5.1% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.5K | $112.5K | +3.7% |
| 2 Bedrooms | $235.7K | $240K | +1.8% |
| 3 Bedrooms | $390K | $414.9K | +6.4% |
| 4 Bedrooms | $490K | $510K | +4.1% |
| 5+ Bedrooms | $690K | $1.0M | +52.9% |
Summary: 40207 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 52.9%.
Housing Supply in 40207, KY
How many homes are available in 40207, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 111 | +1.8% |
Summary: The 40207 real estate market had 111 homes for sale in November 2024, a 1.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 47 | 56 | +19.1% |
| 4 Bedrooms | 29 | 22 | -24.1% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 40207 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 decreased by 5%, 3 bedroom homes increased by 19.1%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 23 | -32.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40207, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 40207 in November 2024, down by 32.4% month-over-month. Of the 23 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% were sold over asking.
Days on Market for 40207, KY
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.