$4,274 Closing Credit*
$359,900
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Christie's International Real Estate Bluegrass
Is 40511, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 40511 has remained a Seller's Market.
Key Takeaway
40511 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 40511, KY
How much do homes in 40511, KY cost?
Median Sold Price
$322,013
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,052(+9.5%)
Key Takeaway
Homes in 40511 have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in 40511 was $322,013 in November 2024, up 9.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $205K | $300K | +46.3% |
| 3 Bedrooms | $270K | $291.6K | +8.0% |
| 4 Bedrooms | $352.7K | $365K | +3.5% |
| 5+ Bedrooms | $463.7K | $469.1K | +1.2% |
Summary: 40511 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 1.2%.
Housing Supply in 40511, KY
How many homes are available in 40511, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 113 | +3.7% |
Summary: The 40511 real estate market had 113 homes for sale in November 2024, a 3.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 51 | 55 | +7.8% |
| 4 Bedrooms | 42 | 43 | +2.4% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 40511 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40511, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 40511 in November 2024, up by 3.7% month-over-month. Of the 28 sold homes, 39% were sold under asking, 39% were sold at asking, and 21% were sold over asking.
Days on Market for 40511, KY
How long does it take to sell a home in 40511, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -13.4% |
Summary: Homes in 40511 had an average of 19 days on market in Nov 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 40511 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 28 homes were sold in 40511; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% 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. © 2024 LBAR Multiple Listing Service. All rights reserved.