Is 40353, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40353 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 40353 has remained a Seller's Market.

Key Takeaway

40353 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40353, KY

How much do homes in 40353, KY cost?

Median Sold Price

$221,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$1,000(-0.5%)

Key Takeaway

The sold price of homes in 40353 has remained the same since last year.

Summary: The median home sold price in 40353 was $221,000 in October 2024, down 0.5% from last year, and the median price per square foot was $124.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $116.4K$136K
+16.8%
3 $219K$220K
0.5%
4 $244.5K$250K
+2.2%
5+ $420K$465K
+10.7%

Summary: 40353 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 increased by 16.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

40353
-0.5%
40337
-1.1%

Housing Supply in 40353, KY

How many homes are available in 40353, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5153+3.9%

Summary: The 40353 real estate market had 53 homes for sale in October 2024, a 3.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2831
+10.7%
4 1413
-7.1%
5+ 66
0.0%

Summary: The 40353 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 10.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40353, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 40353 in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 40353, KY

How long does it take to sell a home in 40353, KY?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days42 Days+122.9%

Summary: Homes in 40353 had an average of 42 days on market in Oct 2024, up by 122.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 40353 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 40353; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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

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