Is 40217, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40217 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 40217 has remained a Seller's Market.

Key Takeaway

40217 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40217, KY

How much do homes in 40217, KY cost?

Median Sold Price

$245,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$900(+0.4%)

Key Takeaway

The sold price of homes in 40217 has remained the same since last year.

Summary: The median home sold price in 40217 was $245,000 in December 2024, up 0.4% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $164.9K$150.5K
-8.8%
2 $217.5K$228.2K
+4.9%
3 $261.2K$273.4K
+4.7%
4 $278K$300.9K
+8.3%
5+ $737.2K$307K
-58.4%

Summary: 40217 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 58.4%.

Median Sold Price Compared To Nearby Zip Codes

40208
+9.9%
40204
+9.3%
40205
+7.1%
40217
0.4%

Housing Supply in 40217, KY

How many homes are available in 40217, KY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6053-11.7%

Summary: The 40217 real estate market had 53 homes for sale in December 2024, a 11.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 2319
-17.4%
3 3027
-10.0%
4 44
0.0%
5+ 01
+100.0%

Summary: The 40217 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40217, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 40217 in December 2024, up by 14.3% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.

Days on Market for 40217, 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 40217, KY

Nearby Markets to 40217, KY