$1,538 Closing Credit*
$129,500
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Berkshire Hathaway de Movellan Properties
Is 40311, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 40311 was a Seller's Market.
Key Takeaway
40311 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 40311, KY
How much do homes in 40311, KY cost?
Median Sold Price
$179,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,500(+30.2%)
Key Takeaway
Homes in 40311 have sold for 30.2% more than they did a year ago.
Summary: The median home sold price in 40311 was $179,000 in October 2024, up 30.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $200K | -23.1% |
| 2 Bedrooms | $76.2K | $148K | +94.1% |
| 3 Bedrooms | $134.5K | $147.5K | +9.7% |
| 4 Bedrooms | $236.9K | $252.5K | +6.6% |
| 5+ Bedrooms | $212.5K | - | N/A |
Summary: 40311 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 94.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 40311 | $137.5K | $179K | +30.2% |
| 40361 | $225K | $236K | +4.9% |
Housing Supply in 40311, KY
How many homes are available in 40311, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Summary: The 40311 real estate market had 25 homes for sale in October 2024, a 19.0% increase 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 | 15 | 15 | 0.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 40311 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 remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40311, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 40311 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for 40311, KY
How long does it take to sell a home in 40311, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 84 Days | +237.0% |
Summary: Homes in 40311 had an average of 84 days on market in Oct 2024, up by 237% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 40311 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 40311; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. © 2024 LBAR Multiple Listing Service. All rights reserved.