$2,255 Closing Credit*
$189,900
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Freedom Realty & Property Management
Is 40391, 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, 40391 has remained a Seller's Market.
Key Takeaway
40391 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40391, KY
How much do homes in 40391, KY cost?
Median Sold Price
$240,445
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,945(+4.3%)
Key Takeaway
Homes in 40391 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 40391 was $240,445 in October 2024, up 4.3% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.8K | $165K | -5.1% |
| 2 Bedrooms | $150K | $164.5K | +9.7% |
| 3 Bedrooms | $227.7K | $225K | -1.2% |
| 4 Bedrooms | $283.5K | $303.1K | +6.9% |
| 5+ Bedrooms | $329.9K | $405K | +22.8% |
Summary: 40391 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 22.8%.
Housing Supply in 40391, KY
How many homes are available in 40391, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 128 | 138 | +7.8% |
Summary: The 40391 real estate market had 138 homes for sale in October 2024, a 7.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 62 | 72 | +16.1% |
| 4 Bedrooms | 41 | 39 | -4.9% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The 40391 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 9.1%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40391, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 40391 in October 2024, down by 3.6% month-over-month. Of the 27 sold homes, 59% were sold under asking, 33% were sold at asking, and 7% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 26 Days | -23.3% |
Summary: Homes in 40391 had an average of 26 days on market in Oct 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 40391 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 40391; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% 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.