$6,448 Closing Credit*
$543,000
4 Beds
•3 Full Baths
Listing Office: Signature Real Estate, LLC
Is 40324, 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, 40324 was a Seller's Market.
Key Takeaway
40324 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 40324, KY
How much do homes in 40324, KY cost?
Median Sold Price
$333,063
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,795(+9.1%)
Key Takeaway
Homes in 40324 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 40324 was $333,063 in October 2024, up 9.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109K | $46.7K | -57.1% |
| 2 Bedrooms | $195.5K | $245K | +25.3% |
| 3 Bedrooms | $269.2K | $290K | +7.7% |
| 4 Bedrooms | $388.9K | $388.1K | -0.2% |
| 5+ Bedrooms | $494.5K | $510.3K | +3.2% |
Summary: 40324 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.1%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Zip Codes
| 40324 | $305.2K | $333K | +9.1% |
| 40511 | $293.6K | $319.3K | +8.8% |
Housing Supply in 40324, KY
How many homes are available in 40324, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 337 | 348 | +3.3% |
Summary: The 40324 real estate market had 348 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 181 | 177 | -2.2% |
| 4 Bedrooms | 111 | 122 | +9.9% |
| 5+ Bedrooms | 31 | 31 | 0.0% |
Summary: The 40324 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 51 | -29.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40324, you may be able to get a good deal. 39.2% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in 40324 in October 2024, down by 29.2% month-over-month. Of the 51 sold homes, 39% were sold under asking, 35% were sold at asking, and 25% were sold over asking.
Days on Market for 40324, KY
How long does it take to sell a home in 40324, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 27 Days | -60.3% |
Summary: Homes in 40324 had an average of 27 days on market in Oct 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 40324 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 51 homes were sold in 40324; 80% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 8% 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.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX 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. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.