$4,750 Closing Credit*
$400,000
1,743 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Homepage Realty
Is 40245, 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, 40245 has remained a Seller's Market.
Key Takeaway
40245 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40245, KY
How much do homes in 40245, KY cost?
Median Sold Price
$467,367
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,417(+0.5%)
Key Takeaway
Homes in 40245 have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in 40245 was $467,367 in November 2024, up 0.5% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $328K | $277.4K | -15.4% |
| 3 Bedrooms | $380K | $384.5K | +1.2% |
| 4 Bedrooms | $465K | $500K | +7.5% |
| 5+ Bedrooms | $635.5K | $705K | +10.9% |
Summary: 40245 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in 40245, KY
How many homes are available in 40245, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 188 | 171 | -9.0% |
Summary: The 40245 real estate market had 171 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 70 | 66 | -5.7% |
| 4 Bedrooms | 67 | 61 | -9.0% |
| 5+ Bedrooms | 37 | 30 | -18.9% |
Summary: The 40245 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 remained the same, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 18.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 41 | -26.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40245, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in 40245 in November 2024, down by 26.8% month-over-month. Of the 41 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% were sold over asking.
Days on Market for 40245, KY
We’re sorry, we don't have information for this market at the moment
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