Is 40419, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40419 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 40419 was a Neutral Market.

Key Takeaway

40419 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40419, KY

How much do homes in 40419, KY cost?

Median Sold Price

$182,000

-

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$6,000(+3.4%)

Key Takeaway

Homes in 40419 have sold for 3.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $83.7K$142.9K
+70.7%
3 $176K$249K
+41.5%
4 $320K$262.5K
-18.0%
5+ $295.2K$490K
+66.0%

Summary: 40419 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70.7%, 3 bedroom homes increased by 41.5%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes increased by 66%.

Median Sold Price Compared To Nearby Zip Codes

40409
+6.3%
40419
+3.4%
40484
-6.6%

Housing Supply in 40419, KY

How many homes are available in 40419, KY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1110-9.1%

Summary: The 40419 real estate market had 10 homes for sale in December 2024, a 9.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 55
0.0%
3 21
-50.0%
4 22
0.0%
5+ 22
0.0%

Summary: The 40419 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 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 40419, 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 40419 in December 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 40419, KY

How long does it take to sell a home in 40419, KY?

Average Sale Time

Dec 2023Dec 2024CHANGE
81 Days40 Days-50.2%

Summary: Homes in 40419 had an average of 40 days on market in Dec 2024, down by 50.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 40419 has remained consistent over time.

Summary: During December 2024, 3 homes were sold in 40419; 33% of homes were sold within 30 days, 67% 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 2 Days Ago

Newest Listings in 40419, KY

Nearby Markets to 40419, KY