$2,126 Closing Credit*
$179,000
3 Beds
•1 Full Bath
Listing Office: NextHome Adventure
Is 40741, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 40741 was a Seller's Market.
Key Takeaway
40741 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 40741, KY
How much do homes in 40741, KY cost?
Median Sold Price
$219,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,450(-2.4%)
Key Takeaway
Homes in 40741 have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in 40741 was $219,000 in November 2024, down 2.4% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.3K | $169K | +85.0% |
| 2 Bedrooms | $118K | $127.5K | +8.1% |
| 3 Bedrooms | $210K | $225K | +7.1% |
| 4 Bedrooms | $265K | $294.9K | +11.3% |
| 5+ Bedrooms | $468.5K | $355K | -24.2% |
Summary: 40741 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes decreased by 24.2%.
Housing Supply in 40741, KY
How many homes are available in 40741, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 90 | -3.2% |
Summary: The 40741 real estate market had 90 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 54 | 55 | +1.9% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 40741 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 44.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 40741, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 40741 in November 2024, down by 41.2% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 46 Days | -18.8% |
Summary: Homes in 40741 had an average of 46 days on market in Nov 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 40741 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 40741; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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.