Is 40489, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40489 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 40489 was a Seller's Market.

Key Takeaway

40489 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 40489, KY

How much do homes in 40489, KY cost?

Median Sold Price

$325,000

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$177,000(+119.6%)

Key Takeaway

Homes in 40489 have sold for 119.6% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $148K-
N/A
4 -$325K
N/A
5+ --
N/A

Summary: 40489 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 did not change, and 5+ bedroom homes did not change.

Housing Supply in 40489, KY

How many homes are available in 40489, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1112+9.1%

Summary: The 40489 real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 78
+14.3%
4 33
0.0%
5+ 11
0.0%

Summary: The 40489 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was 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 40489, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 40489 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 40489, KY

How long does it take to sell a home in 40489, KY?

Average Sale Time

Sep 2024Oct 2024CHANGE
13 Days67 Days+415.4%

Summary: Homes in 40489 had an average of 67 days on market in Oct 2024, up by 415.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 40489 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 40489; 0% of homes were sold within 30 days, 100% 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 13 Days Ago

Newest Listings in 40489, KY

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