Is 40322, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40322 is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, 40322 has remained a Neutral Market.

Key Takeaway

40322 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 40322, KY

How much do homes in 40322, KY cost?

Median Sold Price

$192,500

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$45,000(+30.5%)

Key Takeaway

Homes in 40322 have sold for 30.5% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $175K-
N/A
2 --
N/A
3 $120K$192.5K
+60.4%
4 --
N/A
5+ --
N/A

Summary: 40322 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 60.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

40322
+30.5%
40387
-55.5%

Housing Supply in 40322, KY

How many homes are available in 40322, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1213+8.3%

Summary: The 40322 real estate market had 13 homes for sale in October 2024, a 8.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 33
0.0%
3 57
+40.0%
4 11
0.0%
5+ 11
0.0%

Summary: The 40322 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40322, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 40322 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 40322, KY

How long does it take to sell a home in 40322, KY?

Average Sale Time

Sep 2024Oct 2024CHANGE
136 Days3 Days-97.8%

Summary: Homes in 40322 had an average of 3 days on market in Oct 2024, down by 97.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 40322 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 40322; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

Newest Listings in 40322, KY

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