40962 Housing Market Report January 2025•Clay County, Kentucky

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Housing Prices in 40962, KY

How much do homes in 40962, KY cost?

Housing Market Conditions

Is 40962, 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

40962 is a Seller's Market

Difference Since December 2024

Last month, 40962 has remained a Seller's Market.

Insight

40962 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.
$235,000–
+$130,300
+124.5%

Based on all homes sold in January 2025

Insight

Homes in 40962 have sold for 124.5% more than they did a month ago.

Summary: The median home sold price in 40962 was $235,000 in January 2025, up 124.5% from last month, and the median price per square foot was $0.

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.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2$87.7K$174K
+98.3%
3$124.4K$236.5K
+90.0%
4--
N/A
5--
N/A

Summary: 40962 housing price by bedroom type for January 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 +98.3%. The home price for 3 bedroom homes increased by +90.0%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in 40962, KY

How many homes are available in 40962, 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
16Last MonthJan 2025
182 months agoDec 2024
-11.1 %
Change MoMDec – Jan

Summary: The 40962 real estate market had 16 homes for sale in Jan 2025, a 11.1 % decrease compared to Dec 2024.

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
3Last MonthJan 2025
42 months agoDec 2024
-25.0 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
100
0.0%
232
-33.3%
31211
-8.3%
433
0.0%
500
0.0%

Summary: 40962 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 decreased by -33.3%. The inventory for 3 bedroom homes decreased by -8.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 40962, 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 Price0 Home

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in 40962, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 40962 in January 2025, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and and 0% were sold over asking.

Days on Market for 40962, KY

How long does it take to sell a home in 40962, KY?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days3 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in 40962 has remained consistent over time.

Summary: During January 2025, 3 homes were sold in 40962; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
46 DaysLast MonthJan 2025
130 Days1 month agoDec 2024
-64.8 %
Change MoMDec – Jan

Summary: Homes in 40962 had an average listing age of 46 days in Jan 2025, down by 64.8% compared to the previous month.

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Newest Listings in 40962, KY

What homes are available in 40962, KY?

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MLS Disclaimers and Copyright

Based on information from Imagine MLS, and Northern Kentucky MLS for the period 12/01/2024 - 02/01/2025

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. © 2025 LBAR Multiple Listing Service. 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: 2/5/2025, 6:20:54 PM 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: 2/5/2025, 6:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.