Is 40211, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40211 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 40211 was a Seller's Market.

Key Takeaway

40211 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 40211, KY

How much do homes in 40211, KY cost?

Median Sold Price

$100,500

$86/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,500(+18.2%)

Key Takeaway

Homes in 40211 have sold for 18.2% more than they did a year ago.

Summary: The median home sold price in 40211 was $100,500 in November 2024, up 18.2% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $40.5K$21.2K
-47.6%
2 $65.2K$77.3K
+18.6%
3 $110K$104K
-5.5%
4 $135K$120K
-11.1%
5+ $152.5K$220K
+44.3%

Summary: 40211 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.6%, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 44.3%.

Median Sold Price Compared To Nearby Zip Codes

40210
+31.3%
40211
+18.2%
40212
+14.3%
40216
+9.2%
40203
0.0%

Housing Supply in 40211, KY

How many homes are available in 40211, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9794-3.1%

Summary: The 40211 real estate market had 94 homes for sale in November 2024, a 3.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 1618
+12.5%
3 5755
-3.5%
4 1614
-12.5%
5+ 44
0.0%

Summary: The 40211 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2010-50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40211, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 40211 in November 2024, down by 50.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.

Days on Market for 40211, 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 3 Days Ago

Newest Listings in 40211, KY

Nearby Markets to 40211, KY