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MOREHEAD, KY 40351

Real Estate Market Report  ·  Rowan County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The MOREHEAD, KY real estate market (40351) currently shows 58 active listings, with 22 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 86 days on market compared to 67 days last year.

The median listing price has fallen 10.1% year-over-year, from $313,750 to $281,975.

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Market Context

Market Context

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

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

Market Overview

Active Listings
58
⇧ 18.4% vs 49 last year
Pending
22
38% pending ratio
Median Price
$281,975
⇩ 10.1% vs $313,750 last year
Average Price
$378,980
⇧ 6.8% vs $354,968 last year
Days on Market
86
⇧ 28.4% vs 67 days last year

Price Per Square Foot

Median $/sqft
$142
⇩ 2.7% vs $146/sqft last year
Median Home Size
1,971 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 58 this year vs 49 last year
  • Days on market: 86 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $281,975 (-10.1% YoY)
  • Average: $378,980 (+6.8% 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 29.5 miles — 182 listings ($51,647,921 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40351Morehead, KY 403510.0 mi37$11,959,843$273,000$323,239
40371Salt Lick, KY 4037113.0 mi18$4,706,100$251,625$261,450
41164Olive Hill, KY 4116415.0 mi18$4,799,682$198,675$266,649
40387Wellington, KY 4038718.7 mi32$6,823,552$169,450$213,236
40316Denniston, KY 4031619.3 mi2$410,000$205,000$205,000
41472West Liberty, KY 4147220.5 mi17$5,854,834$308,250$344,402
40322Frenchburg, KY 4032221.9 mi7$1,490,419$182,250$212,917
41179Vanceburg, KY 4117922.6 mi23$7,803,578$252,000$339,286
41189Tollesboro, KY 4118925.3 mi4$1,238,168$292,500$309,542
40374Sharpsburg, KY 4037426.6 mi6$1,247,640$174,900$207,940
41332Hazel Green, KY 4133227.6 mi2$698,000$349,000$349,000
41226Keaton, KY 4122629.2 mi1$89,900$89,900$89,900
40337Jeffersonville, KY 4033729.5 mi15$4,526,205$243,450$301,747

Frequently Asked Questions

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

As of September 2026, there are 58 active listings in MOREHEAD, KY (zip code 40351), compared to 49 the prior year.

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

The median listing price in MOREHEAD, KY 40351 is $281,975 as of September 2026, a 10.1% decrease from $313,750 the prior year.

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

Homes in MOREHEAD, KY 40351 spend an average of 86 days on the market before going under contract, compared to 67 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 September 2026, MOREHEAD, KY 40351 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 67 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 $5,640 compared to a typical 5% commission on the median listing price of $281,975. 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.