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MOREHEAD, KY 40351

Real Estate Market Report  ·  Rowan County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
35
⇩ 7.9% vs 38 last year
Pending
11
31% pending ratio
Median Price
$299,900
vs $300,000 last year
Average Price
$348,228
⇩ 3.5% vs $360,893 last year
Days on Market
93
⇧ 1.1% vs 92 days last year

Market Context

Population: 22,738  ·  Density: 32.7/mi²  ·  Median household income: $49,339

Typical home value: $140,809  ·  Homeownership: 61.0%

Market Analysis

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

The MOREHEAD, KY real estate market (40351) currently shows 35 active listings, with 11 pending sales. Homes are averaging 93 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 93 days on market compared to 92 days last year.

The median listing price has fallen 0% year-over-year, from $300,000 to $299,900.

Whether you are buying or selling in MOREHEAD, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 35 this year vs 38 last year
  • Days on market: 93 now vs 92 last year

Median & Average Pricing

Year over Year
  • Median: $299,900 (+-0% YoY)
  • Average: $348,228 (-3.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.9 miles — 186 listings ($53,661,837 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40351Morehead, KY 403510.0 mi35$12,187,980$299,900$348,228
40371Salt Lick, KY 4037113.0 mi17$4,681,409$265,250$275,377
41164Olive Hill, KY 4116415.0 mi18$4,876,740$217,450$270,930
40387Wellington, KY 4038718.7 mi31$6,645,284$173,450$214,364
40316Denniston, KY 4031619.3 mi1$195,000$195,000$195,000
41472West Liberty, KY 4147220.5 mi19$6,597,617$339,000$347,243
40322Frenchburg, KY 4032221.9 mi11$2,542,573$185,000$231,143
41041Flemingsburg, KY 4104122.1 mi16$5,177,024$274,500$323,564
40346Means, KY 4034623.3 mi6$2,819,850$487,450$469,975
41143Grayson, KY 4114325.6 mi24$6,180,720$229,000$257,530
40374Sharpsburg, KY 4037426.6 mi6$1,259,640$179,900$209,940
41332Hazel Green, KY 4133227.6 mi2$498,000$249,000$249,000
41146Hitchins, KY 4114628.9 mi0$0$65,000$90,000

Frequently Asked Questions

How many homes are for sale in MOREHEAD, KY 40351?

As of January 2026, there are 35 active listings in MOREHEAD, KY (zip code 40351), compared to 38 the prior year.

What is the median home price in MOREHEAD, KY 40351?

The median listing price in MOREHEAD, KY 40351 is $299,900 as of January 2026, a 0% increase from $300,000 the prior year.

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

Homes in MOREHEAD, KY 40351 spend an average of 93 days on the market before going under contract, compared to 92 days the prior year.

Is it a seller's or buyer's market in MOREHEAD, KY 40351?

Based on current inventory and days-on-market data as of January 2026, MOREHEAD, KY 40351 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 93 days on market compared to 92 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MOREHEAD, KY 40351 save an estimated $5,998 compared to a typical 5% commission on the median listing price of $299,900. 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.