Is 40336, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40336 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 40336 has remained a Neutral Market.

Key Takeaway

40336 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 40336, KY

How much do homes in 40336, KY cost?

Median Sold Price

$160,150

$31/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,850(-1.7%)

Key Takeaway

Homes in 40336 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 40336 was $160,150 in October 2024, down 1.7% from last year, and the median price per square foot was $31.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $89.5K$193K
+115.6%
2 $125K$83.5K
-33.2%
3 $163K$157K
-3.7%
4 $190K$255K
+34.2%
5+ $200K$196.5K
-1.8%

Summary: 40336 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.6%, 2 bedroom homes decreased by 33.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 34.2%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

40312
+12.5%
40336
-1.7%

Housing Supply in 40336, KY

How many homes are available in 40336, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4340-7.0%

Summary: The 40336 real estate market had 40 homes for sale in October 2024, a 7.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 108
-20.0%
3 1815
-16.7%
4 1011
+10.0%
5+ 34
+33.3%

Summary: The 40336 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 decreased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40336, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 40336 in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for 40336, KY

How long does it take to sell a home in 40336, KY?

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days66 Days+288.2%

Summary: Homes in 40336 had an average of 66 days on market in Oct 2024, up by 288.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 40336 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in 40336; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 4 Days Ago

Newest Listings in 40336, KY

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