Is 40461, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40461 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 40461 has remained a Seller's Market.

Key Takeaway

40461 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40461, KY

How much do homes in 40461, KY cost?

Median Sold Price

$324,950

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$5,000(-1.5%)

Key Takeaway

Homes in 40461 have sold for 1.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$324.9K
N/A
4 $329.9K-
N/A
5+ --
N/A

Summary: 40461 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 40461, KY

How many homes are available in 40461, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10100.0%

Summary: The 40461 real estate market had 10 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 46
+50.0%
4 53
-40.0%
5+ 00
0.0%

Summary: The 40461 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40461, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 40461 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 40461, KY

How long does it take to sell a home in 40461, KY?

Average Sale Time

Oct 2024Nov 2024CHANGE
119 Days32 Days-72.5%

Summary: Homes in 40461 had an average of 32 days on market in Nov 2024, down by 72.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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

Many homes in 40461 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 40461; 50% of homes were sold within 30 days, 50% 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 17 Days Ago

Newest Listings in 40461, KY

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