$2,731 Closing Credit*
$230,000
3 Beds
•2 Full Baths
Listing Office: Denniston Realty
Is 41031, 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, 41031 has remained a Seller's Market.
Key Takeaway
41031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 41031, KY
How much do homes in 41031, KY cost?
Median Sold Price
$236,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,500(+22.6%)
Key Takeaway
Homes in 41031 have sold for 22.6% more than they did a year ago.
Summary: The median home sold price in 41031 was $236,000 in November 2024, up 22.6% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $121.5K | $122.5K | +0.8% |
| 3 Bedrooms | $195K | $245K | +25.6% |
| 4 Bedrooms | $257K | $320K | +24.5% |
| 5+ Bedrooms | $175K | $462.5K | +164.3% |
Summary: 41031 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 0.8%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 164.3%.
Median Sold Price Compared To Nearby Zip Codes
| 41031 | $192.5K | $236K | +22.6% |
| 40361 | $225K | $240K | +6.7% |
Housing Supply in 41031, KY
How many homes are available in 41031, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 44 | -10.2% |
Summary: The 41031 real estate market had 44 homes for sale in November 2024, a 10.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 36 | 31 | -13.9% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 41031 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 25%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 41031, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 41031 in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for 41031, KY
How long does it take to sell a home in 41031, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 65 Days | +182.2% |
Summary: Homes in 41031 had an average of 65 days on market in Nov 2024, up by 182.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 41031 has remained consistent over time.
Summary: During November 2024, 8 homes were sold in 41031; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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.