$6,116 Closing Credit*
$515,000
5 Beds
•3 Full Baths
Listing Office: LexHomes Real Estate
Is 40342, 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, 40342 was a Seller's Market.
Key Takeaway
40342 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 40342, KY
How much do homes in 40342, KY cost?
Median Sold Price
$255,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+10.9%)
Key Takeaway
Homes in 40342 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 40342 was $255,000 in October 2024, up 10.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100.1K | $123.5K | +23.4% |
| 2 Bedrooms | $169.9K | $197.7K | +16.4% |
| 3 Bedrooms | $225K | $247K | +9.8% |
| 4 Bedrooms | $341.9K | $332K | -2.9% |
| 5+ Bedrooms | $380K | $515K | +35.5% |
Summary: 40342 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 35.5%.
Housing Supply in 40342, KY
How many homes are available in 40342, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 94 | -7.8% |
Summary: The 40342 real estate market had 94 homes for sale in October 2024, a 7.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 8 | -38.5% |
| 3 Bedrooms | 55 | 56 | +1.8% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 40342 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 38.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 15 | -37.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40342, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 40342 in October 2024, down by 37.5% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for 40342, KY
How long does it take to sell a home in 40342, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 20 Days | +15.9% |
Summary: Homes in 40342 had an average of 20 days on market in Oct 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 40342 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 40342; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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.
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.