Is 40212, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40212 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 40212 has remained a Seller's Market.

Key Takeaway

40212 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40212, KY

How much do homes in 40212, KY cost?

Median Sold Price

$93,000

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$11,700(+14.4%)

Key Takeaway

Homes in 40212 have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in 40212 was $93,000 in December 2024, up 14.4% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $33.5K$41.7K
+24.6%
2 $70K$78K
+11.4%
3 $110K$113K
+2.7%
4 $130K$127K
-2.3%
5+ $57.4K$189K
+229.0%

Summary: 40212 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 229%.

Median Sold Price Compared To Nearby Zip Codes

40211
+15.9%
40212
+14.4%
40203
-0.5%

Housing Supply in 40212, KY

How many homes are available in 40212, KY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6369+9.5%

Summary: The 40212 real estate market had 69 homes for sale in December 2024, a 9.5% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 45
+25.0%
2 1924
+26.3%
3 2725
-7.4%
4 1113
+18.2%
5+ 22
0.0%

Summary: The 40212 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40212, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 40212 in December 2024, down by 25.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.

Days on Market for 40212, 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 6 Days Ago

Newest Listings in 40212, KY

Nearby Markets to 40212, KY