Market Intelligence Report — KY-700

Somerset, KY

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

Ref. No: 2026-KY-07
As of the latest 2026 data
Cooling

Median Listing

$325K
+3.8% YoY

Pending Ratio

0.27
+1.6% YoY

Active Inventory

366
+3.0% YoY

Median DOM

74 Days
+1.4% YoY

Primary Intelligence Tool — Sold Score™

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

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

Free ReportNo Sign-up~60 Seconds

The Somerset market is currently categorized as Cooling, with a pending ratio of 0.27 indicating that demand absorption is lagging supply. Active listings have expanded by 3.0% year-over-year, contributing to the shift in market dynamics.

Local Market Signals

Source: FRED (St. Louis Fed)

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

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Somerset market right now.

Active listings have experienced a 3.0% increase over the past year, while new listings also grew by 8.1% year-over-year. Concurrently, the median listing price saw a 3.8% increase compared to the prior year, despite a modest 0.6% month-over-month decline. The pending ratio currently stands at 0.27, representing a 1.6 percentage point increase from the prior year, yet still reflecting a market where supply outpaces immediate demand absorption. Median days on market remain elevated at 74 days, consistent with a decelerating pace of sales.

Historical Analysis

Market Trends

Median Price

$325K-0.6% MoM

Active Inventory

366+3.0% YoY

Days on Market

74+1.4% YoY

Sold Score™

32+1.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

32
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 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

With a pending ratio of 0.27 and expanding inventory, market conditions suggest a reduced sense of urgency for purchasers. The extended median days on market, currently at 74, further indicates a slower absorption rate. This environment may afford more latitude for price discipline, as supply-side pressure has diminished the pace of transactions.

Luxury Segment

Average listing prices in the market increased by 4.9% year-over-year, outpacing the median listing price growth of 3.8% over the same period. However, the median price per square foot experienced a year-over-year decline of 1.1%, indicating some price sensitivity at various tiers. No distinct luxury-segment signal in this dataset.

Supply Dynamics

366 active listings represent the current floor, with new supply arriving at roughly 80 per month.

Pricing Pressure
22.5%

of active listings carry a price reduction, -5.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.1% year-over-year.

Absorption
0.27

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Somerset, KY? Buyer Demand Index is running at 27%.

Buyers have leverage in Somerset, KY. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
27%
Median Days on Market
74 days
Inventory YoY
+3%

In a buyer's market, strategy beats timing. See how your home scores in Somerset, KY and what moves the number.

See my Sold Score & selling strategy

Prefer the data first? Get the monthly Somerset, KY briefing and watch the market before you list.

How the Sold Score works →

Agents: no featured expert covers Somerset, KY yet — claim this market →

How these recommendations are chosen →

The Monthly Briefing

Stay ahead of the Somerset market.

One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.

Metro Demographics

Metro Area
Somerset, KY
CBSA Code
43700
State
KY

ZIPs in Somerset, KY

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

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

    As of the latest 2026 data, the Somerset metro is classified as Cooling. Pending ratio is 0.27 with median days on market at 74.

  • Are home prices dropping in Somerset?+

    Median listing price is $325K, +3.8% year over year. 22.5% of active listings carry a price reduction.

  • How fast are homes selling in Somerset?+

    The typical listing sits 74 days on market, a +1.4% change YoY. New listings are arriving at 80 per month.

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

    Average listing prices in the market increased by 4.9% year-over-year, outpacing the median listing price growth of 3.8% over the same period. However, the median price per square foot experienced a year-over-year decline of 1.1%, indicating some price sensitivity at various tiers. No distinct luxury-segment signal in this dataset.

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

    Primpted maintains a vetted registry of Somerset 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 43700 · 36mo history