$3,741 Closing Credit*
$315,000
1,360 SqFt
3 Beds
•2 Full Baths
Listing Office: Re/Max Elite Realty
Is 40220, 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, 40220 has remained a Seller's Market.
Key Takeaway
40220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40220, KY
How much do homes in 40220, KY cost?
Median Sold Price
$275,300
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,233(+3.9%)
Key Takeaway
Homes in 40220 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 40220 was $275,300 in October 2024, up 3.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $95.7K | +19.7% |
| 2 Bedrooms | $173.9K | $187.5K | +7.8% |
| 3 Bedrooms | $270K | $280K | +3.7% |
| 4 Bedrooms | $310K | $308.3K | -0.5% |
| 5+ Bedrooms | $245K | $359K | +46.5% |
Summary: 40220 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 46.5%.
Housing Supply in 40220, KY
How many homes are available in 40220, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 114 | 120 | +5.3% |
Summary: The 40220 real estate market had 120 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 62 | 65 | +4.8% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 40220 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 39 | -2.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40220, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 40220 in October 2024, down by 2.5% month-over-month. Of the 39 sold homes, 38% were sold under asking, 36% were sold at asking, and 26% were sold over asking.
Days on Market for 40220, KY
We’re sorry, we don't have information for this market at the moment
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