40031 Housing Market Report May 2025•Oldham County, Kentucky

hero building illustration for mobile

Housing Prices in 40031, KY

How much do homes in 40031, KY cost?

Housing Market Conditions

Is 40031, KY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

40031 is a Seller's Market

Difference Since May 2024

Since last year, 40031 has remained a Seller's Market.

Insight

40031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$390,000$198/SqFt
+$27,340
+7.5%

Based on all homes sold in the last 12 months

Insight

Homes in 40031 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 40031 was $390,000 in May 2025, up 7.5% from last year, and the median price per square foot was $198.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
40026
+16.9%
40031
+7.5%
40014
-1.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$77K$173.5K
+125.3%
2$251.5K$280K
+11.3%
3$337K$369.2K
+9.6%
4$392K$398.9K
+1.8%
5$540K$544.9K
+0.9%

Summary: 40031 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +125.3%. The home price for 2 bedroom homes increased by +11.3%. The home price for 3 bedroom homes increased by +9.6%. The home price for 4 bedroom homes increased by +1.8%. The home price for 5 bedroom homes increased by +0.9%.

How does 40031, KY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

40031, KY

Housing supply in 40031, KY

How many homes are available in 40031, KY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
110Last MonthMay 2025
952 months agoApr 2025
+15.8 %
Change MoMApr – May

Summary: The 40031 real estate market had 110 homes for sale in May 2025, a 15.8 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
22Last MonthMay 2025
222 months agoApr 2025
0.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
110
-100.0%
2109
-10.0%
33643
+19.4%
43742
+13.5%
51116
+45.5%

Summary: 40031 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -10.0%. The inventory for 3 bedroom homes increased by +19.4%. The inventory for 4 bedroom homes increased by +13.5%. The inventory for 5 bedroom homes increased by +45.5%.

Asking Price vs. Sold Price

How much do homes in 40031, KY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price8 Homes

Under Asking Price10 Homes

Insight

If you're buying a home in 40031, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 40031 in May 2025, the same as the previous month. Of the 22 sold homes, 45% were sold under asking, 36% were sold at asking, and and 18% were sold over asking.

Days on Market for 40031, KY

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

Home sale times aren’t available for this area.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in 40031, KY

What homes are available in 40031, KY?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Kentucky

MLS Disclaimers and Copyright

Based on information from Metro Search MLS, and Northern Kentucky MLS for the period 06/01/2023 - 06/01/2025

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX 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. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 11:40:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. (NKMLS). Real estate listings held by other brokerage firms are marked with the Broker Reciprocity Logo and detailed information about them includes the name of the listing broker. The broker providing the data believes the data to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. MLS content and images © Copyright ©2025, Northern Kentucky Multiple Listing Service, Inc. All rights reserved.

The information on this web site 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. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/28/2025, 11:40:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.