$3,978 Closing Credit*
$335,000
1,830 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Properties East
Is 40228, 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, 40228 has remained a Seller's Market.
Key Takeaway
40228 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40228, KY
How much do homes in 40228, KY cost?
Median Sold Price
$259,900
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,400(+5.0%)
Key Takeaway
Homes in 40228 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 40228 was $259,900 in October 2024, up 5% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $168K | $189.9K | +13.0% |
| 3 Bedrooms | $250K | $265K | +6.0% |
| 4 Bedrooms | $320K | $325K | +1.6% |
| 5+ Bedrooms | $379.9K | $400K | +5.3% |
Summary: 40228 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in 40228, KY
How many homes are available in 40228, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 70 | +16.7% |
Summary: The 40228 real estate market had 70 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 32 | 33 | +3.1% |
| 4 Bedrooms | 11 | 18 | +63.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 40228 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40228, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 40228 in October 2024, up by 10.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for 40228, KY
How long does it take to sell a home in 40228, KY?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 40228 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 40228; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.