$1,603 Closing Credit*
$135,000
2 Beds
•1 Full Bath
Listing Office: RE/MAX Creative Realty
Is 40356, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 40356 has remained a Seller's Market.
Key Takeaway
40356 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40356, KY
How much do homes in 40356, KY cost?
Median Sold Price
$360,876
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,001(+11.4%)
Key Takeaway
Homes in 40356 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 40356 was $360,876 in November 2024, up 11.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $115K | -16.7% |
| 2 Bedrooms | $162.5K | $175K | +7.7% |
| 3 Bedrooms | $270.7K | $282.5K | +4.3% |
| 4 Bedrooms | $441.1K | $436.1K | -1.1% |
| 5+ Bedrooms | $697.5K | $620K | -11.1% |
Summary: 40356 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 11.1%.
Housing Supply in 40356, KY
How many homes are available in 40356, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 198 | 190 | -4.0% |
Summary: The 40356 real estate market had 190 homes for sale in November 2024, a 4.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 95 | 82 | -13.7% |
| 4 Bedrooms | 69 | 68 | -1.4% |
| 5+ Bedrooms | 24 | 31 | +29.2% |
Summary: The 40356 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 29.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 45 | -13.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40356, expect to pay close to the asking price. 42.2% of homes here sold near the asking price last month.
Summary: A total of 45 homes were sold or pending in 40356 in November 2024, down by 13.5% month-over-month. Of the 45 sold homes, 38% were sold under asking, 42% were sold at asking, and 20% were sold over asking.
Days on Market for 40356, KY
How long does it take to sell a home in 40356, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 22 Days | -21.9% |
Summary: Homes in 40356 had an average of 22 days on market in Nov 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 40356 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 45 homes were sold in 40356; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 2% 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.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.