Is 41049, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 41049 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 41049 was a Seller's Market.

Key Takeaway

41049 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 41049, KY

How much do homes in 41049, KY cost?

Median Sold Price

$225,000

-

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$64,000(+39.8%)

Key Takeaway

Homes in 41049 have sold for 39.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $63K$164.7K
+161.5%
3 $167.5K$228.5K
+36.4%
4 $108K$199.9K
+85.1%
5+ $405K$430K
+6.2%

Summary: 41049 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 161.5%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 85.1%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

41049
+39.8%
41041
+10.4%

Housing Supply in 41049, KY

How many homes are available in 41049, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
812+50.0%

Summary: The 41049 real estate market had 12 homes for sale in November 2024, a 50.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 14
+300.0%
4 12
+100.0%
5+ 45
+25.0%

Summary: The 41049 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 100%, 3 bedroom homes increased by 300%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 41049, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 41049 in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 41049, KY

How long does it take to sell a home in 41049, KY?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days138 Days+375.9%

Summary: Homes in 41049 had an average of 138 days on market in Nov 2024, up by 375.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 41049 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in 41049; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 22 Days Ago

Newest Listings in 41049, KY

Nearby Markets to 41049, KY