40242: Market Stats

Dated: June 14 2022

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40242

 

40242 is a quiet residential area with many neighborhoods and commercial businesses. As shown below, there has been a drastic change in the number of homes sold in 2022 versus previous years.

 




The average sales price in 40242 has been rising steadily in line with the market. Each year homes have been appreciating substantially and the trend will likely continue.

 

 

Days on the market is where you can really see the impact of a low inventory environment. Homes just sell faster these days. You can see the dramatic drop from 25 days in 2019 to 9 in 2022. The pace of home consumption is remarkably high and very competitive in this area. Again, this trend will likely continue as the supply of housing remains low. 

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