Is 42754, KY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 42754 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 42754 was a Seller's Market.

Key Takeaway

42754 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 42754, KY

How much do homes in 42754, KY cost?

Median Sold Price

$214,200

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,300(+14.6%)

Key Takeaway

Homes in 42754 have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in 42754 was $214,200 in October 2024, up 14.6% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $145.2K$142K
-2.2%
2 $159.9K$196.5K
+22.9%
3 $180K$201.8K
+12.2%
4 $312K$323.9K
+3.8%
5+ $240K$299K
+24.6%

Summary: 42754 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 24.6%.

Median Sold Price Compared To Nearby Zip Codes

42754
+14.6%
42726
+7.5%

Housing Supply in 42754, KY

How many homes are available in 42754, KY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5859+1.7%

Summary: The 42754 real estate market had 59 homes for sale in October 2024, a 1.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1111
0.0%
3 3029
-3.3%
4 1213
+8.3%
5+ 45
+25.0%

Summary: The 42754 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 decreased by 3.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 42754, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 42754 in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for 42754, 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 42754, KY

Nearby Markets to 42754, KY