Price Per Square Foot in Prospect, KY: What 40059 Homes Sell For by the Foot
By Spencer Lowe, Real Estate Go To · Licensed Kentucky real estate agent since 2019 · Updated October 11, 2026
Key Takeaway / Quick Answer: Homes in the Prospect, KY 40059 ZIP code sold for a median of about $270 per square foot from October 2025 through September 2026, based on 445 GLAR MLS sales. That's up from about $260 per square foot the year before. Older neighborhoods like Hunting Creek and Fox Harbor sold closer to $200 per foot.
You're comparing two homes and trying to figure out which one is the better value, but one is bigger, one is newer, and the list prices don't tell you much. Price per square foot can help, if you use it the right way. Here's what Prospect homes actually sold for by the foot, from the MLS, and when the number helps or misleads. For the bigger picture on the area, see Spencer Lowe's Prospect, KY real estate guide.
Prospect's Price Per Square Foot
| 12-month period | Sales | Median price per sq ft |
|---|---|---|
| Oct. 2025 – Sept. 2026 | 445 | About $270 |
| Oct. 2024 – Sept. 2025 | 392 | About $260 |
Source: GLAR MLS via Flexmls, closed residential sales in ZIP 40059, pulled Oct. 11, 2026. Deemed reliable but not guaranteed.
How Spread Out Prices Are
| Price per sq ft | Sales (Oct. 2025 – Sept. 2026) |
|---|---|
| Under $220 | 135 |
| $220 – $269 | 88 |
| $270 – $349 | 95 |
| $350 and up | 127 |
Source: GLAR MLS via Flexmls, closed residential sales in ZIP 40059, pulled Oct. 11, 2026. Deemed reliable but not guaranteed.
That's a wide spread. About 30% of sales were under $220 per foot, and more than a quarter were $350 or more. The ZIP mixes 1960s and 1970s neighborhoods with much newer construction, so one number can't describe them all.
By Neighborhood
| Neighborhood | Median price per sq ft | Based on |
|---|---|---|
| Fox Harbor | About $201 | 5 sales, built 1971–1978 |
| Hunting Creek | About $203 | 29 sales, built 1964–1993 |
| Sutherland | About $235 | 13 sales, built 1992–2000 |
| River Bluff | About $248 | 9 sales over 24 months |
| Glen Oaks area | About $250 | 27 sales, built 1992–2014 |
| Harrods Landing (condos) | About $165 – $184 | 4 sales |
Source: GLAR MLS via Flexmls, 12 months to Oct. 9, 2026 unless noted. Deemed reliable but not guaranteed.
When Price Per Square Foot Misleads
- Bigger homes usually sell for less per foot, even when the total price is higher.
- Finished basements may or may not count toward square footage, depending on how a listing reports it. Compare like with like.
- Lot, condition, and updates don't show up in the number at all. Fox Harbor homes of almost the same size sold more than $300,000 apart.
The mistake to avoid is pricing a home, or judging an offer, off a ZIP-wide per-foot number. It can leave you overpaying or underpricing by tens of thousands.
Your 3-Step Plan
- Find your neighborhood's per-foot range in the table above or in its guide.
- Narrow to true comparables: same neighborhood, similar size and age, sold in the past 3–6 months.
- Adjust for what the number misses, like updates, lot, and basement, with my help.
Use price per square foot as a starting point, and the right comparable sales as the answer.
Related: Prospect home prices · Hunting Creek vs. Fox Harbor · Sutherland
Frequently Asked Questions About Price Per Square Foot in Prospect
Q: What is the price per square foot in Prospect, KY?
Homes in ZIP 40059 sold for a median of about $270 per square foot from October 2025 through September 2026, based on 445 GLAR MLS sales.
Q: Is price per square foot going up in Prospect?
Slightly. The 40059 median rose from about $260 per square foot for October 2024 through September 2025 to about $270 for the following 12 months, according to the GLAR MLS.
Q: Which Prospect neighborhoods have the lowest price per square foot?
Among the neighborhoods I've analyzed, Fox Harbor and Hunting Creek sold for a median of about $201 and $203 per square foot over the past year, and Harrods Landing condos sold for about $165 to $184 per foot.
Q: Should I use price per square foot to price my home?
Use it as a starting point only. Lot, condition, updates, and how basement space is counted all affect value, so pricing should rest on the closest comparable sales.
Get the Comparable Sales That Matter
I'll pull the per-foot sales that actually match the home you're buying or selling. Before you start touring, grab my Don't Tour Yet buyer guide: the 7 mistakes Louisville buyers make before they ever see a house.
Call or text me, Spencer Lowe, at +1-502-974-0099, or visit spencerlowerealestate.com to set up a time to talk.
Data sources: GLAR MLS via Flexmls (closed residential sales, ZIP 40059 and named subdivisions, Oct. 2024 – Sept. 2026, pulled Oct. 9–11, 2026), deemed reliable but not guaranteed. Information changes; verify details before making decisions.
Disclaimer: This article is general information, not legal, tax, financial or lending advice. Market data is from the GLAR MLS via Flexmls and the other sources listed above; it is deemed reliable but not guaranteed, and it changes over time. Verify school assignments, property taxes, HOA rules, flood zones and other details with the appropriate office, lender, attorney or tax professional before making decisions.
Spencer Lowe is a real estate agent licensed in Kentucky since 2019 with Real Estate Go To. (502) 974-0099. Equal Housing Opportunity.