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 November 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

$225,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,000(+8.2%)

Key Takeaway

Homes in 42262 have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in 42262 was $225,000 in November 2024, up 8.2% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $151.5K$162.2K
+7.1%
3 $209K$222K
+6.2%
4 $265K$269K
+1.5%
5+ $210K$324.9K
+54.7%

Summary: 42262 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 6.2%, 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

Oct 2024Nov 2024CHANGE
5953-10.2%

Summary: The 42262 real estate market had 53 homes for sale in November 2024, a 10.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 4846
-4.2%
4 43
-25.0%
5+ 22
0.0%

Summary: The 42262 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 60%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 42262, expect to pay close to the asking price. 77.8% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in 42262 in November 2024, down by 35.7% month-over-month. Of the 9 sold homes, 11% were sold under asking, 78% were sold at asking, and 11% 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

Nov 2023Nov 2024CHANGE
14 Days18 Days+28.3%

Summary: Homes in 42262 had an average of 18 days on market in Nov 2024, up by 28.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 9 homes were sold in 42262; 67% of homes were sold within 30 days, 22% 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 42262, KY

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