Is 41031, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 41031 is a seller's market

Buyer's
Market

Difference Since October 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

$232,500

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,000(+24.7%)

Key Takeaway

Homes in 41031 have sold for 24.7% more than they did a year ago.

Summary: The median home sold price in 41031 was $232,500 in October 2024, up 24.7% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $60K-
N/A
2 $118K$122.5K
+3.8%
3 $188.5K$241K
+27.9%
4 $252.5K$317.5K
+25.7%
5+ $175K$462.5K
+164.3%

Summary: 41031 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 3.8%, 3 bedroom homes increased by 27.9%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 164.3%.

Median Sold Price Compared To Nearby Zip Codes

41031
+24.7%
40361
+4.9%

Housing Supply in 41031, KY

How many homes are available in 41031, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5351-3.8%

Summary: The 41031 real estate market had 51 homes for sale in October 2024, a 3.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 3738
+2.7%
4 54
-20.0%
5+ 75
-28.6%

Summary: The 41031 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 increased by 2.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 41031, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 41031 in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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

Oct 2023Oct 2024CHANGE
23 Days31 Days+30.7%

Summary: Homes in 41031 had an average of 31 days on market in Oct 2024, up by 30.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 41031 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 41031; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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 5 Days Ago

Newest Listings in 41031, KY

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