Is 41311, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 41311 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 41311 was a Buyer's Market.

Key Takeaway

41311 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 41311, KY

How much do homes in 41311, KY cost?

Median Sold Price

$232,500

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$25,000(-9.7%)

Key Takeaway

Homes in 41311 have sold for 9.7% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $400K$79K
-80.3%
3 $115K$255K
+121.7%
4 --
N/A
5+ --
N/A

Summary: 41311 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 80.3%, 3 bedroom homes increased by 121.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 41311, KY

How many homes are available in 41311, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
23230.0%

Summary: The 41311 real estate market had 23 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1110
-9.1%
3 89
+12.5%
4 22
0.0%
5+ 11
0.0%

Summary: The 41311 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 9.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 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 41311, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 41311 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 41311, KY

How long does it take to sell a home in 41311, KY?

Average Sale Time

Oct 2024Nov 2024CHANGE
16 Days59 Days+270.3%

Summary: Homes in 41311 had an average of 59 days on market in Nov 2024, up by 270.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 41311 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 41311; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 41311, KY

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