Is 40215, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40215 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 40215 has remained a Seller's Market.

Key Takeaway

40215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40215, KY

How much do homes in 40215, KY cost?

Median Sold Price

$137,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,025(+5.4%)

Key Takeaway

Homes in 40215 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 40215 was $137,000 in November 2024, up 5.4% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $77K$77K
0.0%
2 $115K$125K
+8.7%
3 $150K$155K
+3.3%
4 $165K$177.4K
+7.5%
5+ $247.5K$272.5K
+10.1%

Summary: 40215 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.1%.

Median Sold Price Compared To Nearby Zip Codes

40208
+11.1%
40216
+9.2%
40214
+8.3%
40215
+5.4%

Housing Supply in 40215, KY

How many homes are available in 40215, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7492+24.3%

Summary: The 40215 real estate market had 92 homes for sale in November 2024, a 24.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 3248
+50.0%
3 3232
0.0%
4 911
+22.2%
5+ 11
0.0%

Summary: The 40215 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1920+5.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40215, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 40215 in November 2024, up by 5.3% month-over-month. Of the 20 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% were sold over asking.

Days on Market for 40215, 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 2 Days Ago

Newest Listings in 40215, KY

Nearby Markets to 40215, KY