Is 40337, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40337 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 40337 was a Seller's Market.

Key Takeaway

40337 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 40337, KY

How much do homes in 40337, KY cost?

Median Sold Price

$188,000

-

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,000(-1.1%)

Key Takeaway

Homes in 40337 have sold for 1.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $185K$122.5K
-33.8%
3 $190K$209.5K
+10.3%
4 $265K$170K
-35.8%
5+ -$180K
N/A

Summary: 40337 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 35.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

40312
+12.5%
40353
-0.5%
40337
-1.1%

Housing Supply in 40337, KY

How many homes are available in 40337, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1218+50.0%

Summary: The 40337 real estate market had 18 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 610
+66.7%
4 24
+100.0%
5+ 33
0.0%

Summary: The 40337 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, 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

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 40337, 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 40337 in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for 40337, KY

How long does it take to sell a home in 40337, KY?

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days4 Days-60.0%

Summary: Homes in 40337 had an average of 4 days on market in Oct 2024, down by 60% compared to last year.

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 40337 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 40337; 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 20 Days Ago

Newest Listings in 40337, KY

Nearby Markets to 40337, KY