Is 40324, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40324 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 40324 has remained a Seller's Market.

Key Takeaway

40324 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40324, KY

How much do homes in 40324, KY cost?

Median Sold Price

$338,899

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$33,899(+11.1%)

Key Takeaway

Homes in 40324 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 40324 was $338,899 in December 2024, up 11.1% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $98.7K$18.5K
-81.3%
2 $217K$227.5K
+4.8%
3 $270K$294.9K
+9.2%
4 $386K$393.3K
+1.9%
5+ $465K$510K
+9.7%

Summary: 40324 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 81.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

40379
+19.5%
40324
+11.1%
40511
+6.4%

Housing Supply in 40324, KY

How many homes are available in 40324, KY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
370349-5.7%

Summary: The 40324 real estate market had 349 homes for sale in December 2024, a 5.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1914
-26.3%
3 182175
-3.8%
4 139132
-5.0%
5+ 3028
-6.7%

Summary: The 40324 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
6276+22.6%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40324, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in 40324 in December 2024, up by 22.6% month-over-month. Of the 76 sold homes, 49% were sold under asking, 32% were sold at asking, and 20% 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

Dec 2023Dec 2024CHANGE
31 Days39 Days+24.9%

Summary: Homes in 40324 had an average of 39 days on market in Dec 2024, up by 24.9% compared to last year.

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 40324 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 76 homes were sold in 40324; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% 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 7 Days Ago

Newest Listings in 40324, KY

Nearby Markets to 40324, KY