$4,691 Closing Credit*
$395,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Homepage Realty
Is 40475, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 40475 has remained a Seller's Market.
Key Takeaway
40475 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40475, KY
How much do homes in 40475, KY cost?
Median Sold Price
$305,037
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$25,137(+9.0%)
Key Takeaway
Homes in 40475 have sold for 9% more than they did a year ago.
Summary: The median home sold price in 40475 was $305,037 in December 2024, up 9% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $157K | -4.8% |
| 2 Bedrooms | $155.5K | $199.9K | +28.6% |
| 3 Bedrooms | $262.5K | $284.9K | +8.6% |
| 4 Bedrooms | $345.4K | $358K | +3.6% |
| 5+ Bedrooms | $444.1K | $435K | -2.1% |
Summary: 40475 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in 40475, KY
How many homes are available in 40475, KY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 289 | 260 | -10.0% |
Summary: The 40475 real estate market had 260 homes for sale in December 2024, a 10.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 16 | -33.3% |
| 3 Bedrooms | 142 | 137 | -3.5% |
| 4 Bedrooms | 79 | 69 | -12.7% |
| 5+ Bedrooms | 42 | 36 | -14.3% |
Summary: The 40475 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 decreased by 33.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 64 | 66 | +3.1% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40475, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in 40475 in December 2024, up by 3.1% month-over-month. Of the 66 sold homes, 61% were sold under asking, 26% were sold at asking, and 14% were sold over asking.
Days on Market for 40475, KY
How long does it take to sell a home in 40475, KY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 36 Days | 36 Days | +1.1% |
Summary: Homes in 40475 had an average of 36 days on market in Dec 2024, up by 1.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 40475 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 66 homes were sold in 40475; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 9% 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. © 2025 LBAR Multiple Listing Service. All rights reserved.