Is 42262, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 42262 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 42262 has remained a Seller's Market.

Key Takeaway

42262 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 42262, KY

How much do homes in 42262, KY cost?

Median Sold Price

$221,500

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,500(+8.0%)

Key Takeaway

Homes in 42262 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 42262 was $221,500 in October 2024, up 8% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $147.5K$164.5K
+11.5%
3 $205K$220K
+7.3%
4 $265K$269K
+1.5%
5+ $210K$324.9K
+54.7%

Summary: 42262 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 11.5%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 54.7%.

Housing Supply in 42262, KY

How many homes are available in 42262, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6749-26.9%

Summary: The 42262 real estate market had 49 homes for sale in October 2024, a 26.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 5739
-31.6%
4 54
-20.0%
5+ 12
+100.0%

Summary: The 42262 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 decreased by 31.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2313-43.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 42262, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 42262 in October 2024, down by 43.5% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.

Days on Market for 42262, KY

How long does it take to sell a home in 42262, KY?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days29 Days+115.7%

Summary: Homes in 42262 had an average of 29 days on market in Oct 2024, up by 115.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 42262 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 42262; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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 20 Days Ago

Newest Listings in 42262, KY

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