Is 40744, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40744 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 40744 was a Seller's Market.

Key Takeaway

40744 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 40744, KY

How much do homes in 40744, KY cost?

Median Sold Price

$230,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,500(+3.4%)

Key Takeaway

Homes in 40744 have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in 40744 was $230,000 in October 2024, up 3.4% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$70K
N/A
2 $130K$154K
+18.5%
3 $215K$230K
+7.0%
4 $275.7K$280K
+1.6%
5+ $217.5K$430K
+97.7%

Summary: 40744 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 97.7%.

Median Sold Price Compared To Nearby Zip Codes

40701
+7.6%
40744
+3.4%
40741
-0.7%

Housing Supply in 40744, KY

How many homes are available in 40744, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5756-1.8%

Summary: The 40744 real estate market had 56 homes for sale in October 2024, a 1.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 42
-50.0%
3 3635
-2.8%
4 1112
+9.1%
5+ 56
+20.0%

Summary: The 40744 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 decreased by 50%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40744, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 40744 in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.

Days on Market for 40744, KY

How long does it take to sell a home in 40744, KY?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days58 Days+62.0%

Summary: Homes in 40744 had an average of 58 days on market in Oct 2024, up by 62% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 40744 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 40744; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 40744, KY

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