Is 40379, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40379 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 40379 has remained a Seller's Market.

Key Takeaway

40379 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40379, KY

How much do homes in 40379, KY cost?

Median Sold Price

$325,000

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,507(+18.4%)

Key Takeaway

Homes in 40379 have sold for 18.4% more than they did a year ago.

Summary: The median home sold price in 40379 was $325,000 in November 2024, up 18.4% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $293.4K-
N/A
3 $265.5K$288K
+8.5%
4 $391K$477.5K
+22.1%
5+ $625K$525K
-16.0%

Summary: 40379 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 16%.

Median Sold Price Compared To Nearby Zip Codes

40379
+18.4%
40324
+8.6%
40601
+1.7%

Housing Supply in 40379, KY

How many homes are available in 40379, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1315+15.4%

Summary: The 40379 real estate market had 15 homes for sale in November 2024, a 15.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 56
+20.0%
4 55
0.0%
5+ 11
0.0%

Summary: The 40379 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 increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40379, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 40379 in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 40379, KY

How long does it take to sell a home in 40379, KY?

Average Sale Time

Nov 2023Nov 2024CHANGE
92 Days46 Days-50.0%

Summary: Homes in 40379 had an average of 46 days on market in Nov 2024, down by 50% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 40379 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 40379; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 40379, KY

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