$5,926 Closing Credit*
$499,000
3 Beds
•2 Full Baths
Listing Office: ERA Select Real Estate
Is 40356, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$359,323
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,323(+12.6%)
Key Takeaway
Homes in 40356 have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in 40356 was $359,323 in October 2024, up 12.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $153K | +80.0% |
| 2 Bedrooms | $169.7K | $175K | +3.1% |
| 3 Bedrooms | $267.5K | $281.3K | +5.2% |
| 4 Bedrooms | $432.5K | $432.5K | 0.0% |
| 5+ Bedrooms | $716.2K | $610K | -14.8% |
Summary: 40356 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 14.8%.
Housing Supply in 40356, KY
How many homes are available in 40356, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 192 | 201 | +4.7% |
Summary: The 40356 real estate market had 201 homes for sale in October 2024, a 4.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 90 | 97 | +7.8% |
| 4 Bedrooms | 68 | 67 | -1.5% |
| 5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The 40356 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 increased by 12.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 50 | +16.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40356, you may be able to get a good deal. 42% of homes here sold below asking price last month.
Summary: A total of 50 homes were sold or pending in 40356 in October 2024, up by 16.3% month-over-month. Of the 50 sold homes, 42% were sold under asking, 34% were sold at asking, and 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 36 Days | +41.8% |
Summary: Homes in 40356 had an average of 36 days on market in Oct 2024, up by 41.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 40356 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 50 homes were sold in 40356; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% 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.
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