Is 42740, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 42740 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 42740 has remained a Seller's Market.

Key Takeaway

42740 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 42740, KY

How much do homes in 42740, KY cost?

Median Sold Price

$160,000

$111/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$317,000(-66.5%)

Key Takeaway

Homes in 42740 have sold for 66.5% less than they did a month ago.

Summary: The median home sold price in 42740 was $160,000 in October 2024, down 66.5% from last month, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$160K
N/A
3 --
N/A
4 --
N/A
5+ $477K-
N/A

Summary: 42740 housing prices by bedroom type for October 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

42724
+347.9%
42740
-66.5%

Housing Supply in 42740, KY

How many homes are available in 42740, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
32-33.3%

Summary: The 42740 real estate market had 2 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 11
0.0%
4 00
0.0%
5+ 10
-100.0%

Summary: The 42740 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 42740, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 42740 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 42740, KY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in 42740, KY

Nearby Markets to 42740, KY