$1,780 Closing Credit*
$149,900
5 Beds
•3 Full Baths
Listing Office: Coldwell Banker Legacy Group
Is 42501, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 42501 was a Seller's Market.
Key Takeaway
42501 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 42501, KY
How much do homes in 42501, KY cost?
Median Sold Price
$185,000
$44/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,500(+10.4%)
Key Takeaway
Homes in 42501 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 42501 was $185,000 in November 2024, up 10.4% from last year, and the median price per square foot was $44.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $100.7K | +6.0% |
| 2 Bedrooms | $136.5K | $133K | -2.6% |
| 3 Bedrooms | $182.7K | $185K | +1.2% |
| 4 Bedrooms | $227.6K | $280K | +23.0% |
| 5+ Bedrooms | $227.4K | $299.9K | +31.9% |
Summary: 42501 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 31.9%.
Median Sold Price Compared To Nearby Zip Codes
| 42501 | $167.5K | $185K | +10.4% |
| 42503 | $285K | $279.6K | -1.9% |
Housing Supply in 42501, KY
How many homes are available in 42501, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 78 | 79 | +1.3% |
Summary: The 42501 real estate market had 79 homes for sale in November 2024, a 1.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 38 | 37 | -2.6% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 42501 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 increased by 14.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 42501, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 42501 in November 2024, down by 41.2% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for 42501, KY
How long does it take to sell a home in 42501, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 72 Days | +66.9% |
Summary: Homes in 42501 had an average of 72 days on market in Nov 2024, up by 66.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 42501 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 42501; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.