$5,332 Closing Credit*
$449,000
3 Beds
•2 Full Baths
Listing Office: New Outlook Realty, LLC
Is 40380, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 40380 was a Seller's Market.
Key Takeaway
40380 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 40380, KY
How much do homes in 40380, KY cost?
Median Sold Price
$185,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,500(+2.5%)
Key Takeaway
Homes in 40380 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 40380 was $185,000 in October 2024, up 2.5% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $188K | $155K | -17.6% |
| 2 Bedrooms | $300K | $220K | -26.7% |
| 3 Bedrooms | $154K | $172K | +11.7% |
| 4 Bedrooms | $245K | $246.5K | +0.6% |
| 5+ Bedrooms | $285.9K | $285K | -0.3% |
Summary: 40380 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Zip Codes
| 40312 | $170K | $191.3K | +12.5% |
| 40380 | $180.5K | $185K | +2.5% |
Housing Supply in 40380, KY
How many homes are available in 40380, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 41 | +7.9% |
Summary: The 40380 real estate market had 41 homes for sale in October 2024, a 7.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 40380 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40380, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 40380 in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 40380, KY
How long does it take to sell a home in 40380, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 69 Days | +248.3% |
Summary: Homes in 40380 had an average of 69 days on market in Oct 2024, up by 248.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 40380 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 40380; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.