Owensboro, KY metro area Housing Market
Cool MarketComprehensive housing market data for the Owensboro, 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
$242K
↑ 6.8% YoY
Days on Market
36 days
↑ 28.6% YoY
Active Inventory
218
↑ 3.3% YoY
Homes Sold
106
↑ 39.5% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Owensboro, KY metro area Market Summary
The Owensboro, KY metro area housing market is cooling down. As of March 2026, the median home sale price is $242K, up 6.8% year-over-year. Homes are spending a median of 36 days on the market, 28.6% longer than a year ago.
There are 218 homes for sale — 3.3% more than last year. With 2.1 months of supply, this is a seller's market. 142 new listings were added during this period, up 35.2% year-over-year.
Homes are selling for 97.2% of their list price on average, suggesting room for negotiation. 17.0% of homes sell above their asking price. 47.3% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
67
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. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 44% below the national median, which could indicate stronger cash flow potential.
Owensboro, KY metro area Market Trends
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Detailed Market Metrics
Median List Price
$256K
Price per Sq Ft
$146
Sale-to-List Ratio
97.2%
Months of Supply
2.1
Sold Above List
17.0%
Price Drops
47.3%
New Listings
142
↑ 35.2% YoY
Pending Sales
118
Off Market in 2 Weeks
40.7%
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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.