$2,007 Closing Credit*
$169,000
2 Beds
•1 Full Bath
Listing Office: CENTURY 21 Advantage Realty
Is 42501, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 42501 has remained a Seller's Market.
Key Takeaway
42501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 42501, KY
How much do homes in 42501, KY cost?
Median Sold Price
$180,000
$44/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,250(+7.9%)
Key Takeaway
Homes in 42501 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 42501 was $180,000 in October 2024, up 7.9% from last year, and the median price per square foot was $44.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $77.4K | -29.6% |
| 2 Bedrooms | $117.5K | $133.5K | +13.6% |
| 3 Bedrooms | $178.5K | $185K | +3.6% |
| 4 Bedrooms | $230.2K | $284.2K | +23.5% |
| 5+ Bedrooms | $239.9K | $299.9K | +25.0% |
Summary: 42501 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 25%.
Housing Supply in 42501, KY
How many homes are available in 42501, KY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 81 | 83 | +2.5% |
Summary: The 42501 real estate market had 83 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 42501 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 42501, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 42501 in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 38 Days | -37.1% |
Summary: Homes in 42501 had an average of 38 days on market in Oct 2024, down by 37.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 17 homes were sold in 42501; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% 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.