Market Intelligence Report — KY-980

Owensboro, KY

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-KY-09
As of the latest 2026 data
Cooling

Median Listing

$289K
-5.0% YoY

Pending Ratio

0.45
-32.5% YoY

Active Inventory

277
+50.9% YoY

Median DOM

40 Days
+5.3% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Owensboro market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Owensboro, KY.

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The Owensboro market is characterized as Cooling, with the pending ratio registering at 0.45, down -32.5% year-over-year. Active listings have expanded significantly, increasing by 50.9% over the past year, indicating a notable shift in market dynamics. This suggests an environment where supply is accumulating faster than demand is absorbing it.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.8%-0.3 pp YoY

Unemployment rate · Aug 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

113,962+0.5% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Owensboro market right now.

The market is exhibiting a cooling trend, evidenced by a significant 32.5% year-over-year contraction in the pending ratio to 0.45. Inventory levels have risen substantially, with active listings up 50.9% over the past year, while new listings saw a more moderate increase of 9.4%. Median listing prices have experienced a year-over-year decline of 5.0%, alongside a 5.3% increase in median days on market, further reinforcing the shift towards less competitive conditions.

Historical Analysis

Market Trends

Median Price

$289K+3.1% MoM

Active Inventory

277+50.9% YoY

Days on Market

40+5.3% YoY

Sold Score™

59-32.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

59
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Negotiating leverage is shifting as the pace of transactions has decelerated, indicated by the lower pending ratio and increased days on market. The notable growth in active listings suggests reduced inventory pressure, allowing for more deliberate decision-making. This environment encourages greater price discipline from sellers to align with prevailing demand.

Luxury Segment

The average listing price has declined by 23.6% year-over-year, widening the spread relative to the median listing price, which saw a more modest 5.0% year-over-year decrease. Median price per square foot experienced a slight increase of 1.6% over the past year. This divergence suggests potential softening at higher price tiers within the market.

Supply Dynamics

277 active listings represent the current floor, with new supply arriving at roughly 140 per month.

Pricing Pressure
29.3%

of active listings carry a price reduction, +6.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.6% year-over-year.

Absorption
0.45

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Owensboro, KY? Inventory is up 51% from last year.

Owensboro, KY is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
45%
Median Days on Market
40 days
Inventory YoY
+51%

Owensboro, KY is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score →

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The Monthly Briefing

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Metro Demographics

Metro Area
Owensboro, KY
CBSA Code
36980
State
KY

ZIPs in Owensboro, KY

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Owensboro?+

    As of the latest 2026 data, the Owensboro metro is classified as Cooling. Pending ratio is 0.45 with median days on market at 40.

  • Are home prices dropping in Owensboro?+

    Median listing price is $289K, -5.0% year over year. 29.3% of active listings carry a price reduction.

  • How fast are homes selling in Owensboro?+

    The typical listing sits 40 days on market, a +5.3% change YoY. New listings are arriving at 140 per month.

  • What's happening in the Owensboro luxury market?+

    The average listing price has declined by 23.6% year-over-year, widening the spread relative to the median listing price, which saw a more modest 5.0% year-over-year decrease. Median price per square foot experienced a slight increase of 1.6% over the past year. This divergence suggests potential softening at higher price tiers within the market.

  • Where can I find a trusted Owensboro real estate expert?+

    Primpted maintains a vetted registry of Owensboro agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 36980 · 36mo history