Is 42038, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 42038 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 42038 was a Buyer's Market.

Key Takeaway

42038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 42038, KY

How much do homes in 42038, KY cost?

Median Sold Price

$335,000

$178/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$94,900(+39.5%)

Key Takeaway

Homes in 42038 have sold for 39.5% more than they did a month ago.

Summary: The median home sold price in 42038 was $335,000 in November 2024, up 39.5% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$134K
N/A
3 -$579K
N/A
4 $240.1K$335K
+39.5%
5+ --
N/A

Summary: 42038 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 39.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

42055
+162.1%
42038
+39.5%
42211
+15.3%
42445
+14.0%

Housing Supply in 42038, KY

How many homes are available in 42038, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3031+3.3%

Summary: The 42038 real estate market had 31 homes for sale in November 2024, a 3.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1214
+16.7%
4 1210
-16.7%
5+ 45
+25.0%

Summary: The 42038 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 42038, 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 42038 in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for 42038, KY

How long does it take to sell a home in 42038, KY?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 42038 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 42038; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 42038, KY

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