Ft Wright, KY 41011 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. $276,000 median sold price is the primary indicator of market value and recent transaction activity; this level suggests成交 prices are below asking expectations given the $317,450 median listing price, which may indicate pricing friction between seller expectations and closed transactions (pricing gap).
2. The market exhibits median days on market of 535, which points to slower sales velocity and extended time-to-close for transactions; combined with relatively constrained active supply, this may indicate that listed homes require more time or price adjustment to reach contract (slower sales velocity).
3. With a median price per square foot of 173, sellers and appraisers should align on per-unit valuation benchmarks when negotiating offers; this metric provides a concrete anchor for price adjustments and underwriting in this market (valuation anchor).
4. Interest rate pressure is elevated and current 30-year fixed mortgage rates are averaging approximately 6.5%, which may constrain buyer purchasing power and extend time on market; pricing and contract terms should factor in higher financing costs (elevated interest rate pressure).

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.