London, KY metro area Housing Market
Cold MarketComprehensive housing market data for the London, KY metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$180K
↓ 12.2% YoY
Days on Market
132 days
↑ 22.2% YoY
Active Inventory
392
↑ 18.1% YoY
Homes Sold
63
↓ 6.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
London, KY metro area Market Summary
The London, KY metro area housing market is cooling down. As of March 2026, the median home sale price is $180K, down 12.2% year-over-year. Homes are spending a median of 132 days on the market, 22.2% longer than a year ago.
There are 392 homes for sale — 18.1% more than last year. With 6.2 months of supply, this is a buyer's market. 150 new listings were added during this period, up 35.1% year-over-year.
Homes are selling for 94.7% of their list price on average, suggesting room for negotiation. 14.3% of homes sell above their asking price. 25.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
93
Contributing Factors
How This Market Compares
vs. National Median
vs. Kentucky Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 59% below the national median, which could indicate stronger cash flow potential.
London, KY metro area Market Trends
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Detailed Market Metrics
Median List Price
$239K
Price per Sq Ft
$120
Sale-to-List Ratio
94.7%
Months of Supply
6.2
Sold Above List
14.3%
Price Drops
25.5%
New Listings
150
↑ 35.1% YoY
Pending Sales
107
Off Market in 2 Weeks
35.5%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.