Market Intelligence Report — KY-700

Somerset, KY

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

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

Median Listing

$322K
+2.2% YoY

Pending Ratio

0.29
+4.3% YoY

Active Inventory

360
-1.2% YoY

Median DOM

82 Days
+8.3% YoY

Primary Intelligence Tool — Sold Score™

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The Somerset market is experiencing a cooling trend, with the pending ratio at 0.29, indicating demand absorption is notably lagging. While the median listing price saw a modest 2.2% increase year-over-year, it declined 0.9% month-over-month.

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.

Inventory levels remain relatively stable, with active listings seeing a minor 1.2% contraction year-over-year, even as new listings increased by 6.0% over the past year. The median listing price has shown a decelerating trend, with a month-over-month decrease contrasting with a slight year-over-year gain. The pending ratio, at 0.29, reflects a market where demand absorption is notably below supply.

Historical Analysis

Market Trends

Median Price

$322K-0.9% MoM

Active Inventory

360-1.2% YoY

Days on Market

82+8.3% YoY

Sold Score™

32+4.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

32
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

The pace of sales is slower, as evidenced by a median days on market of 82, an 8.3% increase year-over-year. Inventory pressure is limited, and the market shows signs of softening price discipline. This suggests reduced urgency in transactions within the market.

Luxury Segment

The average listing price increased by 6.9% year-over-year, contrasting with a 4.8% year-over-year decline in median $/sqft. This divergence, coupled with the spread between average and median listing prices, suggests varied dynamics within higher-price tiers.

Supply Dynamics

360 active listings represent the current floor, with new supply arriving at roughly 106 per month.

Pricing Pressure
21.4%

of active listings carry a price reduction, -1.0% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -4.8% year-over-year.

Absorption
0.29

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Somerset, KY? Homes here are taking 6 days longer to sell than last year.

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
29%
Median Days on Market
82 days
Inventory YoY
−1%

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

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Metro Demographics

Metro Area
Somerset, KY
CBSA Code
43700
State
KY

ZIPs in Somerset, KY

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