#25004644, Listing Office: Freedom Realty & Property Management
40475 Housing Market Report February 2025•Madison County, Kentucky
Housing Prices in 40475, KY
How much do homes in 40475, KY cost?
Housing Market Conditions
Is 40475, KY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
40475 is a Buyer's Market
Difference Since February 2024
At the same time last year, 40475 was a Seller's Market.
40475 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 40475 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in 40475 was $305,059 in February 2025, up 8.3% from last year, and the median price per square foot was $110.
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $165K | $169K | +2.4% |
22 Bedrooms | $155.5K | $199.9K | +28.6% |
33 Bedrooms | $265K | $284.7K | +7.4% |
44 Bedrooms | $342.5K | $359.9K | +5.1% |
55+ Bedrooms | $437K | $435K | -0.5% |
Summary: 40475 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.4%. The home price for 2 bedroom homes increased by +28.6%. The home price for 3 bedroom homes increased by +7.4%. The home price for 4 bedroom homes increased by +5.1%. The home price for 5 bedroom homes decreased by -0.5%.
How does 40475, KY compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
40475, KY
Housing supply in 40475, KY
How many homes are available in 40475, KY?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
242Last MonthFeb 2025 | ||
2242 months agoJan 2025 | +8.0 % Change MoMJan – Feb |
Summary: The 40475 real estate market had 242 homes for sale in Feb 2025, a 8.0 % increase compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
34Last MonthFeb 2025 | ||
452 months agoJan 2025 | -24.4 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 1 | 0 | -100.0% |
22 Bedrooms | 11 | 9 | -18.2% |
33 Bedrooms | 123 | 138 | +12.2% |
44 Bedrooms | 59 | 64 | +8.5% |
55+ Bedrooms | 30 | 31 | +3.3% |
Summary: 40475 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes decreased by -18.2%. The inventory for 3 bedroom homes increased by +12.2%. The inventory for 4 bedroom homes increased by +8.5%. The inventory for 5 bedroom homes increased by +3.3%.
Asking Price vs. Sold Price
How much do homes in 40475, KY cost?
Over Asking Price6 Homes
At Asking Price9 Homes
Under Asking Price19 Homes
If you're buying a home in 40475, you may be able to get a good deal. 55.9% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 40475 in February 2025, down by 24.4% month-over-month. Of the 34 sold homes, 56% were sold under asking, 26% were sold at asking, and and 18% were sold over asking.
Days on Market for 40475, KY
How long does it take to sell a home in 40475, KY?
Breakdown of Home Sale Times
Under 30 Days19 Homes
30 – 90 Days9 Homes
Over 90 Days5 Homes
Many homes in 40475 are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 34 homes were sold in 40475; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
48 DaysThis YearFeb 2025 | ||
54 Days1 year agoFeb 2024 | -9.9 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 40475 had an average listing age of 48 days in Feb 2025, down by 9.9% compared to the previous year.
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 40475, KY
What homes are available in 40475, KY?
Popular Cities with Homes for Sale in Kentucky
- Homes for sale in Bardstown, KY
- Homes for sale in Berea, KY
- Homes for sale in Corbin, KY
- Homes for sale in Covington, KY
- Homes for sale in Danville, KY
- Homes for sale in Frankfort, KY
- Homes for sale in Ft Mitchell, KY
- Homes for sale in Georgetown, KY
- Homes for sale in Independence, KY
- Homes for sale in Lexington, KY
- Homes for sale in Louisville, KY
- Homes for sale in Middlesboro, KY
- Homes for sale in Murray, KY
- Homes for sale in Nancy, KY
- Homes for sale in New Concord, KY
- Homes for sale in Newport, KY
- Homes for sale in Nicholasville, KY
- Homes for sale in Paducah, KY
- Homes for sale in Richmond, KY
- Homes for sale in Somerset, KY
- Homes for sale in Winchester, KY
MLS Disclaimers and Copyright
Based on information from Imagine MLS, and Metro Search MLS for the period 03/01/2023 - 03/01/2025

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 10:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.