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NICHOLASVILLE, KY 40356

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

Market Analysis

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

The NICHOLASVILLE, KY real estate market (40356) currently shows 301 active listings, with 164 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 96 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61 days on market compared to 39 days last year.

The median listing price has risen 6.6% year-over-year, from $439,900 to $468,975.

Whether you are buying or selling in NICHOLASVILLE, 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: 44,299  ·  Density: 122.6/mi²  ·  Median household income: $69,954

Typical home value: $226,319  ·  Homeownership: 69.8%

Market Overview

Active Listings
301
⇧ 46.8% vs 205 last year
Pending
164
54% pending ratio
Median Price
$468,975
⇧ 6.6% vs $439,900 last year
Average Price
$603,735
⇧ 4.4% vs $578,197 last year
Days on Market
61
⇧ 56.4% vs 39 days last year

Price Per Square Foot

Median $/sqft
$202
⇩ 1.5% vs $205/sqft last year
Median Home Size
2,279 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 301 this year vs 205 last year
  • Days on market: 61 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $468,975 (+6.6% YoY)
  • Average: $603,735 (+4.4% 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 23.9 miles — 1,131 listings ($549,710,007 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40356Nicholasville, KY 403560.0 mi279$156,036,051$436,641$559,269
40514Lexington, KY 405147.6 mi31$12,260,407$357,500$395,497
40515Lexington, KY 405158.8 mi112$74,568,256$580,331$665,788
40513Lexington, KY 4051310.1 mi36$23,078,052$629,000$641,057
40504Lexington, KY 4050411.7 mi41$18,363,203$282,225$447,883
40508Lexington, KY 4050812.7 mi58$16,616,942$243,500$286,499
40444Lancaster, KY 4044413.5 mi62$31,168,516$390,100$502,718
40510Lexington, KY 4051013.9 mi2$3,774,000$1,887,000$1,887,000
40475Richmond, KY 4047516.0 mi257$109,569,637$350,000$426,341
40372Salvisa, KY 4037217.6 mi8$2,740,760$334,000$342,595
40330Harrodsburg, KY 4033018.7 mi100$34,363,000$282,075$343,630
40461Paint Lick, KY 4046121.4 mi11$5,980,887$433,650$543,717
40391Winchester, KY 4039123.9 mi134$61,190,296$301,675$456,644

Frequently Asked Questions

How many homes are for sale in NICHOLASVILLE, KY 40356?

As of March 2026, there are 301 active listings in NICHOLASVILLE, KY (zip code 40356), compared to 205 the prior year.

What is the median home price in NICHOLASVILLE, KY 40356?

The median listing price in NICHOLASVILLE, KY 40356 is $468,975 as of March 2026, a 6.6% increase from $439,900 the prior year.

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

Homes in NICHOLASVILLE, KY 40356 spend an average of 61 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in NICHOLASVILLE, KY 40356?

Based on current inventory and days-on-market data as of March 2026, NICHOLASVILLE, KY 40356 is currently a Buyer's Market. Inventory has increased compared to last year, with 96 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 61 days on market compared to 39 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NICHOLASVILLE, KY 40356 save an estimated $9,380 compared to a typical 5% commission on the median listing price of $468,975. 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.