#25001926, Listing Office: Reliance One Realty
40701 Housing Market Report January 2025•Whitley County, Kentucky
Housing Prices in 40701, KY
How much do homes in 40701, KY cost?
Housing Market Conditions
Is 40701, KY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
40701 is a Buyer's Market
Difference Since January 2024
Since last year, 40701 has remained a Buyer's Market.
40701 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 40701 have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in 40701 was $200,000 in January 2025, down 1.7% from last year, and the median price per square foot was $43.
Median Sold Price By City
City | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
40744 | $224K | $230K | +2.7% |
40701 | $203.5K | $200K | -1.7% |
Median Sold Price By Bedrooms
Beds | Jan 2024 | Jan 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $86K | $119K | +38.4% |
22 Bedrooms | $114.9K | $128K | +11.4% |
33 Bedrooms | $197K | $200K | +1.5% |
44 Bedrooms | $235K | $285K | +21.3% |
55+ Bedrooms | $331.9K | $389.5K | +17.3% |
Summary: 40701 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +38.4%. The home price for 2 bedroom homes increased by +11.4%. The home price for 3 bedroom homes increased by +1.5%. The home price for 4 bedroom homes increased by +21.3%. The home price for 5 bedroom homes increased by +17.3%.
Housing supply in 40701, KY
How many homes are available in 40701, KY?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
111Last MonthJan 2025 | ||
1062 months agoDec 2024 | +4.7 % Change MoMDec – Jan |
Summary: The 40701 real estate market had 111 homes for sale in Jan 2025, a 4.7 % increase compared to Dec 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
10Last MonthJan 2025 | ||
122 months agoDec 2024 | -16.7 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
Beds | Dec 2024 | Jan 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 3 | 3 | 0.0% |
22 Bedrooms | 9 | 11 | +22.2% |
33 Bedrooms | 61 | 65 | +6.6% |
44 Bedrooms | 22 | 23 | +4.5% |
55+ Bedrooms | 11 | 9 | -18.2% |
Summary: 40701 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +22.2%. The inventory for 3 bedroom homes increased by +6.6%. The inventory for 4 bedroom homes increased by +4.5%. The inventory for 5 bedroom homes decreased by -18.2%.
Asking Price vs. Sold Price
How much do homes in 40701, KY cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price8 Homes
If you're buying a home in 40701, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 40701 in January 2025, down by 16.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and and 0% were sold over asking.
Days on Market for 40701, KY
How long does it take to sell a home in 40701, KY?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days5 Homes
Over 90 Days2 Homes
Avg time on Rocket Homes in 40701 has remained consistent over time.
Summary: During January 2025, 10 homes were sold in 40701; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
79 DaysThis YearJan 2025 | ||
51 Days1 year agoJan 2024 | +55.9 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in 40701 had an average listing age of 79 days in Jan 2025, up by 55.9% 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 40701, KY
What homes are available in 40701, 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, for the period 02/01/2023 - 02/01/2025
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/5/2025, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.