$3,086 Closing Credit*
$259,900
3 Beds
•2 Full Baths
Listing Office: Keller Williams Commonwealth
Is 40391, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 40391 was a Seller's Market.
Key Takeaway
40391 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 40391, KY
How much do homes in 40391, KY cost?
Median Sold Price
$238,312
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$812(+0.3%)
Key Takeaway
The sold price of homes in 40391 has remained the same since last year.
Summary: The median home sold price in 40391 was $238,312 in November 2024, up 0.3% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.8K | $136.7K | -21.4% |
| 2 Bedrooms | $150K | $165K | +10.0% |
| 3 Bedrooms | $233.2K | $225K | -3.5% |
| 4 Bedrooms | $299.9K | $298K | -0.6% |
| 5+ Bedrooms | $350K | $300K | -14.3% |
Summary: 40391 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 14.3%.
Housing Supply in 40391, KY
How many homes are available in 40391, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 130 | 136 | +4.6% |
Summary: The 40391 real estate market had 136 homes for sale in November 2024, a 4.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 18 | +50.0% |
| 3 Bedrooms | 70 | 72 | +2.9% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 40391 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 13 | -56.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 40391, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 40391 in November 2024, down by 56.7% month-over-month. Of the 13 sold homes, 62% were sold under asking, 31% were sold at asking, and 8% were sold over asking.
Days on Market for 40391, KY
How long does it take to sell a home in 40391, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 23 Days | -60.8% |
Summary: Homes in 40391 had an average of 23 days on market in Nov 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 40391 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 40391; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% 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.