Is 40361, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40361 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 40361 has remained a Seller's Market.

Key Takeaway

40361 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40361, KY

How much do homes in 40361, KY cost?

Median Sold Price

$236,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+4.9%)

Key Takeaway

Homes in 40361 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 40361 was $236,000 in October 2024, up 4.9% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$103.7K
+38.3%
2 $140K$158K
+12.9%
3 $217.5K$225K
+3.4%
4 $274.7K$329.5K
+19.9%
5+ $462.5K$521.2K
+12.7%

Summary: 40361 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Zip Codes

40311
+30.2%
41031
+24.7%
40361
+4.9%

Housing Supply in 40361, KY

How many homes are available in 40361, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4957+16.3%

Summary: The 40361 real estate market had 57 homes for sale in October 2024, a 16.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 810
+25.0%
3 2528
+12.0%
4 1112
+9.1%
5+ 57
+40.0%

Summary: The 40361 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 25%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40361, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 40361 in October 2024, up by 33.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.

Days on Market for 40361, KY

How long does it take to sell a home in 40361, KY?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days41 Days+243.8%

Summary: Homes in 40361 had an average of 41 days on market in Oct 2024, up by 243.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 40361 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 40361; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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 4 Days Ago

Newest Listings in 40361, KY

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