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 13 Days Ago

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