$2,791 Closing Credit*
$235,000
925 SqFt
1 Bed
•1 Full Bath
Listing Office: United Real Estate Louisville
Is 40242, 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, 40242 has remained a Seller's Market.
Key Takeaway
40242 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40242, KY
How much do homes in 40242, KY cost?
Median Sold Price
$330,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+8.2%)
Key Takeaway
Homes in 40242 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 40242 was $330,000 in October 2024, up 8.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $230K | +17.9% |
| 3 Bedrooms | $272.6K | $308K | +13.0% |
| 4 Bedrooms | $385K | $381.5K | -0.9% |
| 5+ Bedrooms | $482.5K | $402.7K | -16.5% |
Summary: 40242 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 17.9%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 16.5%.
Housing Supply in 40242, KY
How many homes are available in 40242, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 39 | -4.9% |
Summary: The 40242 real estate market had 39 homes for sale in October 2024, a 4.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 40242 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 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40242, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 40242 in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for 40242, KY
We’re sorry, we don't have information for this market at the moment
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