$1,544 Closing Credit*
$130,000
808 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Homepage Realty
Is 40218, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 40218 has remained a Seller's Market.
Key Takeaway
40218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40218, KY
How much do homes in 40218, KY cost?
Median Sold Price
$210,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,500(+10.2%)
Key Takeaway
Homes in 40218 have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in 40218 was $210,000 in October 2024, up 10.2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47.5K | $73K | +53.7% |
| 2 Bedrooms | $125.5K | $124.7K | -0.6% |
| 3 Bedrooms | $215K | $228.7K | +6.4% |
| 4 Bedrooms | $235K | $280K | +19.1% |
| 5+ Bedrooms | $291.5K | $217K | -25.6% |
Summary: 40218 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.7%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 25.6%.
Housing Supply in 40218, KY
How many homes are available in 40218, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 85 | +6.3% |
Summary: The 40218 real estate market had 85 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 19 | 15 | -21.1% |
| 3 Bedrooms | 45 | 53 | +17.8% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 40218 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40218, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 40218 in October 2024, up by 4.0% month-over-month. Of the 26 sold homes, 65% were sold under asking, 15% were sold at asking, and 19% were sold over asking.
Days on Market for 40218, KY
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.