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PROSPECT, KY 40059

Real Estate Market Report  ·  Oldham County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The PROSPECT, KY real estate market (40059) currently shows 141 active listings, with 39 pending sales. Homes are averaging 59 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 59 days on market compared to 50 days last year.

The median listing price has risen 13% year-over-year, from $845,900 to $956,250.

Whether you are buying or selling in PROSPECT, KY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 20,769  ·  Density: 284.6/mi²  ·  Median household income: $167,193

Typical home value: $518,086  ·  Homeownership: 89.7%

Market Overview

Active Listings
141
⇧ 13.7% vs 124 last year
Pending
39
28% pending ratio
Median Price
$956,250
⇧ 13% vs $845,900 last year
Average Price
$1,248,324
⇧ 5.3% vs $1,185,857 last year
Days on Market
59
⇧ 18% vs 50 days last year

Price Per Square Foot

Median $/sqft
$282
⇩ 8.7% vs $309/sqft last year
Median Home Size
3,279 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 141 this year vs 124 last year
  • Days on market: 59 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $956,250 (+13% YoY)
  • Average: $1,248,324 (+5.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.4 miles — 722 listings ($400,783,882 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40059Prospect, KY 400590.0 mi127$160,810,575$935,500$1,266,225
40025Glenview, KY 400255.4 mi1$4,795,000$4,795,000$4,795,000
40242Louisville, KY 402425.6 mi26$8,408,166$306,675$323,391
40056Pewee Valley, KY 400566.3 mi11$8,255,181$518,250$750,471
40223Louisville, KY 402237.0 mi52$22,090,536$378,650$424,818
40207Louisville, KY 402077.6 mi87$50,090,337$457,500$575,751
40014Crestwood, KY 400148.4 mi63$39,889,395$527,425$633,165
40206Louisville, KY 402069.4 mi68$19,067,200$250,188$280,400
40220Louisville, KY 4022010.0 mi90$26,090,910$284,450$289,899
47129Clarksville, IN 4712910.4 mi58$14,511,252$236,700$250,194
40204Louisville, KY 4020411.1 mi55$21,747,385$309,925$395,407
40202Louisville, KY 4020211.6 mi17$9,449,909$437,000$555,877
40203Louisville, KY 4020312.4 mi67$15,578,036$188,000$232,508

Frequently Asked Questions

How many homes are for sale in PROSPECT, KY 40059?

As of March 2026, there are 141 active listings in PROSPECT, KY (zip code 40059), compared to 124 the prior year.

What is the median home price in PROSPECT, KY 40059?

The median listing price in PROSPECT, KY 40059 is $956,250 as of March 2026, a 13% increase from $845,900 the prior year.

How long do homes stay on the market in PROSPECT, KY?

Homes in PROSPECT, KY 40059 spend an average of 59 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in PROSPECT, KY 40059?

Based on current inventory and days-on-market data as of March 2026, PROSPECT, KY 40059 is currently a Buyer's Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 59 days on market compared to 50 days last year.

How much can I save on real estate commission in PROSPECT, KY?

With SELL123.com's maximum 3% commission, sellers in PROSPECT, KY 40059 save an estimated $19,125 compared to a typical 5% commission on the median listing price of $956,250. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.