Is 40831, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 40831 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 40831 has remained a Buyer's Market.

Key Takeaway

40831 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 40831, KY

How much do homes in 40831, KY cost?

Median Sold Price

$152,500

-

Based on all homes sold in October 2024.

Difference Since Last Month

+$27,500(+22.0%)

Key Takeaway

Homes in 40831 have sold for 22% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $125K$152.5K
+22.0%
4 --
N/A
5+ --
N/A

Summary: 40831 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 increased by 22%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 40831, KY

How many homes are available in 40831, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
13130.0%

Summary: The 40831 real estate market had 13 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 66
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The 40831 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 40831, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 40831 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 40831, KY

How long does it take to sell a home in 40831, KY?

Average Sale Time

Sep 2024Oct 2024CHANGE
123 Days52 Days-57.7%

Summary: Homes in 40831 had an average of 52 days on market in Oct 2024, down by 57.7% 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 40831 has remained consistent over time.

Summary: During October 2024, 1 homes were sold in 40831; 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 21 Days Ago

Newest Listings in 40831, KY

Nearby Markets to 40831, KY