The 40505 housing market is very competitive. The median sale price of a home in 40505 was $215K last month, up 2.3% since last year. The median sale price per square foot in 40505 is $150, up 14.9% since last year.
In March 2024, 40505 home prices were up 2.3% compared to last year, selling for a median price of $215K. On average, homes in 40505 sell after 27 days on the market compared to 34 days last year. There were 52 homes sold in March this year, up from 51 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$214,750
+2.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
40505, KY
$214,750
+2.3%
United States
To compare other locations to the 40505 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Kentucky add value to a home.
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How hot is the 40505 housing market?
40505 is very competitive. Homes sell in 20 days.
0
100
79
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 20 days.
Hot homes
can sell for about 2% above list price and go pending in around 4 days.
Homes in this area are served by the Fayette County.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
Dixie Elementary Magnet School
Public • PreK-5
586
Students
6 reviews
6/10
Yates Elementary School
Public • PreK-5
450
Students
6 reviews
6/10
Mary Todd Elementary School
Public • PreK-5
492
Students
N/A
6/10
Deep Springs Elementary School
Public • PreK-5
539
Students
7 reviews
5/10
Ashland Elementary School
Public • K-5
299
Students
10 reviews
Only showing 5 of
10 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 40505 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 40505.
Risk Factor
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
40505 has a moderate risk of flooding. 961 properties in 40505 are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in 40505. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
40505 has a minor risk of wildfire. There are 135 properties in 40505 that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in 40505.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
40505 has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. 40505 is most at risk from hurricanes. 10,434 properties in 40505 have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 52 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 63 mph.