$4,013 Closing Credit*
$337,950
1,888 SqFt
2 Beds
•2 Full Baths, 1 Partial
Listing Office: The Breland Group
Is 40220, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$275,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,333(+3.1%)
Key Takeaway
Homes in 40220 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 40220 was $275,000 in November 2024, up 3.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $95.7K | +19.7% |
| 2 Bedrooms | $173.2K | $187.7K | +8.4% |
| 3 Bedrooms | $270.3K | $280K | +3.6% |
| 4 Bedrooms | $310K | $313.3K | +1.1% |
| 5+ Bedrooms | $335K | $354.4K | +5.8% |
Summary: 40220 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 40220, KY
How many homes are available in 40220, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 119 | 99 | -16.8% |
Summary: The 40220 real estate market had 99 homes for sale in November 2024, a 16.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 23 | 20 | -13.0% |
| 3 Bedrooms | 64 | 52 | -18.8% |
| 4 Bedrooms | 28 | 23 | -17.9% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 40220 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 decreased by 13%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 30 | -30.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40220, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in 40220 in November 2024, down by 30.2% month-over-month. Of the 30 sold homes, 37% were sold under asking, 40% were sold at asking, and 23% 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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