Is 40258, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40258 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 40258 has remained a Seller's Market.

Key Takeaway

40258 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40258, KY

How much do homes in 40258, KY cost?

Median Sold Price

$220,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,000(+9.5%)

Key Takeaway

Homes in 40258 have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in 40258 was $220,000 in November 2024, up 9.5% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $152K-
N/A
2 $154.5K$185K
+19.7%
3 $202K$220.4K
+9.1%
4 $230K$240K
+4.3%
5+ $239.9K$287.5K
+19.8%

Summary: 40258 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 increased by 19.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 19.8%.

Median Sold Price Compared To Nearby Zip Codes

40258
+9.5%
40216
+9.2%
40214
+8.3%
40272
+6.9%

Housing Supply in 40258, KY

How many homes are available in 40258, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
115120+4.3%

Summary: The 40258 real estate market had 120 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 910
+11.1%
3 9294
+2.2%
4 1413
-7.1%
5+ 02
+100.0%

Summary: The 40258 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2739+44.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40258, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.

Summary: A total of 39 homes were sold or pending in 40258 in November 2024, up by 44.4% month-over-month. Of the 39 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.

Days on Market for 40258, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 40258, KY

Nearby Markets to 40258, KY