Is 40472, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40472 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 40472 was a Neutral Market.

Key Takeaway

40472 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 40472, KY

How much do homes in 40472, KY cost?

Median Sold Price

$187,750

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$77,750(+70.7%)

Key Takeaway

Homes in 40472 have sold for 70.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$160.5K
N/A
3 --
N/A
4 $110K$215K
+95.5%
5+ --
N/A

Summary: 40472 housing prices by bedroom type for October 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 increased by 95.5%, and 5+ bedroom homes did not change.

Housing Supply in 40472, KY

How many homes are available in 40472, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
69+50.0%

Summary: The 40472 real estate market had 9 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 13
+200.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The 40472 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 66.7%, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40472, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 40472 in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 40472, KY

How long does it take to sell a home in 40472, KY?

Average Sale Time

Sep 2024Oct 2024CHANGE
30 Days131 Days+338.3%

Summary: Homes in 40472 had an average of 131 days on market in Oct 2024, up by 338.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 40472 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 2 homes were sold in 40472; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

Newest Listings in 40472, KY

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