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: January 2026
Median Sale Price
$230K
↑ 13.9% YoY
Days on Market
112 days
↑ 45.5% YoY
Active Inventory
300
↑ 0.3% YoY
Homes Sold
27
↓ 46.0% 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 January 2026, the median home sale price is $230K, up 13.9% year-over-year. Homes are spending a median of 112 days on the market, 45.5% longer than a year ago.
There are 300 homes for sale — 0.3% more than last year. With 11.1 months of supply, this is a buyer's market. 67 new listings were added during this period, up 4.7% year-over-year.
Homes are selling for 98.3% of their list price on average, suggesting room for negotiation. 18.5% of homes sell above their asking price. 21.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
80
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 46% below the national median, which could indicate stronger cash flow potential.
Somerset, KY metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$277K
Price per Sq Ft
$140
Sale-to-List Ratio
98.3%
Months of Supply
11.1
Sold Above List
18.5%
Price Drops
21.0%
New Listings
67
↑ 4.7% YoY
Pending Sales
69
Off Market in 2 Weeks
18.8%
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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.