$10,000 Closing Credit*
$989,500
6 Beds
•4 Full Baths, 2 Partial
Listing Office: Sallie Davidson, Realtors
Is 40741, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 40741 has remained a Neutral Market.
Key Takeaway
40741 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 40741, KY
How much do homes in 40741, KY cost?
Median Sold Price
$222,500
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,500(-0.7%)
Key Takeaway
Homes in 40741 have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in 40741 was $222,500 in October 2024, down 0.7% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.3K | $169K | +85.0% |
| 2 Bedrooms | $120K | $128.7K | +7.3% |
| 3 Bedrooms | $207.5K | $230K | +10.8% |
| 4 Bedrooms | $260.5K | $302.4K | +16.1% |
| 5+ Bedrooms | $468.5K | $435K | -7.2% |
Summary: 40741 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 7.2%.
Housing Supply in 40741, KY
How many homes are available in 40741, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 | 96 | +9.1% |
Summary: The 40741 real estate market had 96 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 51 | 55 | +7.8% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 40741 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40741, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 40741 in October 2024, up by 16.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.
Days on Market for 40741, KY
How long does it take to sell a home in 40741, KY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 53 Days | -10.1% |
Summary: Homes in 40741 had an average of 53 days on market in Oct 2024, down by 10.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 40741 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 40741; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% 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.