$2,250 Closing Credit*
$189,500
1,116 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Properties East
Is 40223, 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, 40223 has remained a Seller's Market.
Key Takeaway
40223 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40223, KY
How much do homes in 40223, KY cost?
Median Sold Price
$350,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$56,500(+19.3%)
Key Takeaway
Homes in 40223 have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in 40223 was $350,000 in October 2024, up 19.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $120K | -30.2% |
| 2 Bedrooms | $200K | $215K | +7.5% |
| 3 Bedrooms | $287K | $325K | +13.2% |
| 4 Bedrooms | $440K | $492.5K | +11.9% |
| 5+ Bedrooms | $610K | $690K | +13.1% |
Summary: 40223 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.2%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 13.1%.
Housing Supply in 40223, KY
How many homes are available in 40223, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 91 | +26.4% |
Summary: The 40223 real estate market had 91 homes for sale in October 2024, a 26.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 24 | +41.2% |
| 3 Bedrooms | 23 | 30 | +30.4% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 40223 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40223, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 40223 in October 2024, up by 17.6% month-over-month. Of the 20 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 40223, KY
We’re sorry, we don't have information for this market at the moment
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