Is 40299, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40299 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 40299 has remained a Seller's Market.

Key Takeaway

40299 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40299, KY

How much do homes in 40299, KY cost?

Median Sold Price

$316,750

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,730(+6.3%)

Key Takeaway

Homes in 40299 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 40299 was $316,750 in November 2024, up 6.3% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$302.5K
N/A
2 $224.2K$226.7K
+1.1%
3 $274.8K$300.8K
+9.4%
4 $385.2K$395K
+2.5%
5+ $570K$595K
+4.4%

Summary: 40299 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 1.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Zip Codes

40291
+6.4%
40299
+6.3%
40220
+3.1%
40243
+2.9%
40023
-3.5%

Housing Supply in 40299, KY

How many homes are available in 40299, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
140144+2.9%

Summary: The 40299 real estate market had 144 homes for sale in November 2024, a 2.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 1718
+5.9%
3 6765
-3.0%
4 4445
+2.3%
5+ 1215
+25.0%

Summary: The 40299 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 5.9%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3537+5.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40299, expect to pay close to the asking price. 35.1% of homes here sold near the asking price last month.

Summary: A total of 37 homes were sold or pending in 40299 in November 2024, up by 5.7% month-over-month. Of the 37 sold homes, 30% were sold under asking, 35% were sold at asking, and 35% were sold over asking.

Days on Market for 40299, 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 40299, KY

Nearby Markets to 40299, KY