Is 42567, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 42567 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 42567 has remained a Seller's Market.

Key Takeaway

42567 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 42567, KY

How much do homes in 42567, KY cost?

Median Sold Price

$155,000

-

Based on all homes sold in November 2024.

Difference Since Last Month

-$27,500(-15.1%)

Key Takeaway

Homes in 42567 have sold for 15.1% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $170K-
N/A
3 $173.3K$155K
-10.6%
4 $225K-
N/A
5+ --
N/A

Summary: 42567 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 42567, KY

How many homes are available in 42567, KY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1411-21.4%

Summary: The 42567 real estate market had 11 homes for sale in November 2024, a 21.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 98
-11.1%
4 32
-33.3%
5+ 11
0.0%

Summary: The 42567 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 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 42567, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 42567 in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 42567, KY

How long does it take to sell a home in 42567, KY?

Average Sale Time

Oct 2024Nov 2024CHANGE
23 Days64 Days+179.7%

Summary: Homes in 42567 had an average of 64 days on market in Nov 2024, up by 179.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 42567 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 42567; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 42567, KY

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