Is 40208, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40208 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 40208 was a Seller's Market.

Key Takeaway

40208 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 40208, KY

How much do homes in 40208, KY cost?

Median Sold Price

$150,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+11.1%)

Key Takeaway

Homes in 40208 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 40208 was $150,000 in November 2024, up 11.1% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $145.5K$74K
-49.1%
2 $110K$132K
+20.0%
3 $129.7K$150K
+15.6%
4 $192.5K$177K
-8.1%
5+ $289.9K$482.5K
+66.4%

Summary: 40208 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.1%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 66.4%.

Median Sold Price Compared To Nearby Zip Codes

40210
+31.3%
40208
+11.1%
40215
+5.4%
40217
+1.4%

Housing Supply in 40208, KY

How many homes are available in 40208, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4352+20.9%

Summary: The 40208 real estate market had 52 homes for sale in November 2024, a 20.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 25
+150.0%
2 1213
+8.3%
3 1417
+21.4%
4 1011
+10.0%
5+ 56
+20.0%

Summary: The 40208 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40208, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 40208 in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for 40208, 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 10 Days Ago

Newest Listings in 40208, KY

Nearby Markets to 40208, KY