40228 Housing Market Report March 2025•Jefferson County, Kentucky

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Housing Prices in 40228, KY

How much do homes in 40228, KY cost?

Housing Market Conditions

Is 40228, 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

40228 is a Seller's Market

Difference Since March 2024

Since last year, 40228 has remained a Seller's Market.

Insight

40228 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.
$261,166$177/SqFt
+$18,416
+7.6%

Based on all homes sold in the last 12 months

Insight

Homes in 40228 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 40228 was $261,166 in March 2025, up 7.6% from last year, and the median price per square foot was $177.

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
40291
+9.1%
40228
+7.6%
40219
+6.8%
40218
+3.7%
40229
+1.8%

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.
BedsMar 2024Mar 2025Change YoY
1-$156K
N/A
2$179.9K$190K
+5.6%
3$262.5K$265K
+0.9%
4$315.5K$325K
+3.0%
5$337K$407.5K
+20.9%

Summary: 40228 housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.6%. The home price for 3 bedroom homes increased by +0.9%. The home price for 4 bedroom homes increased by +3.0%. The home price for 5 bedroom homes increased by +20.9%.

How does 40228, KY compare with other places?

Market comparison tool

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

40228, KY

Housing supply in 40228, KY

How many homes are available in 40228, 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
64Last MonthMar 2025
572 months agoFeb 2025
+12.3 %
Change MoMFeb – Mar

Summary: The 40228 real estate market had 64 homes for sale in Mar 2025, a 12.3 % increase compared to Feb 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
16Last MonthMar 2025
172 months agoFeb 2025
-5.9 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
21516
+6.7%
32424
0.0%
41618
+12.5%
526
+200.0%

Summary: 40228 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +6.7%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +12.5%. The inventory for 5 bedroom homes increased by +200.0%.

Asking Price vs. Sold Price

How much do homes in 40228, 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 Price4 Homes

Insight

If you're buying a home in 40228, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in 40228 in March 2025, down by 5.9% month-over-month. Of the 16 sold homes, 25% were sold under asking, 50% were sold at asking, and and 25% were sold over asking.

Days on Market for 40228, KY

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

Home sale times aren’t available for this area.

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Newest Listings in 40228, KY

What homes are available in 40228, KY?

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MLS Disclaimers and Copyright

Based on information from Metro Search MLS, for the period 04/01/2023 - 04/01/2025

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: 4/29/2025, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.