Is 42211, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 42211 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 42211 was a Seller's Market.

Key Takeaway

42211 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 42211, KY

How much do homes in 42211, KY cost?

Median Sold Price

$224,900

$169/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$29,900(+15.3%)

Key Takeaway

Homes in 42211 have sold for 15.3% more than they did a month ago.

Summary: The median home sold price in 42211 was $224,900 in November 2024, up 15.3% from last month, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $50K$120.7K
+141.5%
3 $197.4K$234.9K
+19.0%
4 $180K-
N/A
5+ $645K$855.5K
+32.6%

Summary: 42211 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 increased by 141.5%, 3 bedroom homes increased by 19%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 32.6%.

Median Sold Price Compared To Nearby Zip Codes

42038
+39.5%
42211
+15.3%
42215
-48.5%

Housing Supply in 42211, KY

How many homes are available in 42211, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8883-5.7%

Summary: The 42211 real estate market had 83 homes for sale in November 2024, a 5.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1010
0.0%
3 4539
-13.3%
4 1718
+5.9%
5+ 1515
0.0%

Summary: The 42211 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 decreased by 13.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
175-70.6%

Asking Price vs. Sold Price

2 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 42211, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 42211 in November 2024, down by 70.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for 42211, KY

How long does it take to sell a home in 42211, KY?

Average Sale Time

Oct 2024Nov 2024CHANGE
17 Days3 Days-82.9%

Summary: Homes in 42211 had an average of 3 days on market in Nov 2024, down by 82.9% compared to last month.

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 42211 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 42211; 20% 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 18 Days Ago

Newest Listings in 42211, KY

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