$2,671 Closing Credit*
$224,900
4 Beds
•2 Full Baths
Listing Office: RE/MAX Creative, Winchester
Is 41031, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $118K | $122.5K | +3.8% |
| 3 Bedrooms | $188.5K | $241K | +27.9% |
| 4 Bedrooms | $252.5K | $317.5K | +25.7% |
| 5+ Bedrooms | $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 | $186.5K | $232.5K | +24.7% |
| 40361 | $225K | $236K | +4.9% |
Housing Supply in 41031, KY
How many homes are available in 41031, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 51 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 37 | 38 | +2.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 7 | 5 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 31 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
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.
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.