Somerset, KY metro area Housing Market
Cold MarketComprehensive housing market data for the Somerset, 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
$250K
↑ 22.2% YoY
Days on Market
129 days
↑ 29.0% YoY
Active Inventory
345
↑ 13.5% YoY
Homes Sold
61
↓ 1.6% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Somerset, KY metro area Market Summary
The Somerset, KY metro area housing market is cooling down. As of March 2026, the median home sale price is $250K, up 22.2% year-over-year. Homes are spending a median of 129 days on the market, 29.0% longer than a year ago.
There are 345 homes for sale — 13.5% more than last year. With 5.7 months of supply, this is a balanced market. 126 new listings were added during this period, up 48.2% year-over-year.
Homes are selling for 96.0% of their list price on average, suggesting room for negotiation. 4.9% of homes sell above their asking price. 25.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
86
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 43% below the national median, which could indicate stronger cash flow potential.
Somerset, KY metro area Market Trends
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Detailed Market Metrics
Median List Price
$295K
Price per Sq Ft
$149
Sale-to-List Ratio
96.0%
Months of Supply
5.7
Sold Above List
4.9%
Price Drops
25.5%
New Listings
126
↑ 48.2% YoY
Pending Sales
97
Off Market in 2 Weeks
30.9%
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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.