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GRAY, KY 40734

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The GRAY, KY real estate market (40734) currently shows 6 active listings, with 2 pending sales. Homes are averaging 109 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 109 days on market compared to 100 days last year.

The median listing price has risen 30.9% year-over-year, from $200,000 to $261,725.

Whether you are buying or selling in GRAY, 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: 3,207  ·  Density: 27.3/mi²  ·  Median household income: $41,071

Typical home value: $84,181  ·  Homeownership: 80.3%

Market Overview

Active Listings
6
⇩ 50% vs 12 last year
Pending
2
33% pending ratio
Median Price
$261,725
⇧ 30.9% vs $200,000 last year
Average Price
$351,060
⇧ 59.2% vs $220,525 last year
Days on Market
109
⇧ 9% vs 100 days last year

Price Per Square Foot

Median $/sqft
$174
⇧ 45% vs $120/sqft last year
Median Home Size
1,545 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 12 last year
  • Days on market: 109 now vs 100 last year

Median & Average Pricing

Year over Year
  • Median: $261,725 (+30.9% YoY)
  • Average: $351,060 (+59.2% 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 25.7 miles — 276 listings ($93,211,656 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40734Gray, KY 407340.0 mi7$2,747,990$222,250$392,570
40949Heidrick, KY 409495.7 mi1$450,000$450,000$450,000
40923Cannon, KY 409236.5 mi5$653,700$149,900$130,740
40946Green Road, KY 409468.1 mi1$145,000$145,000$145,000
40759Rockholds, KY 407598.9 mi3$726,000$242,000$242,000
40744London, KY 4074410.3 mi61$23,165,909$313,075$379,769
40701Corbin, KY 4070111.1 mi99$30,524,076$270,925$308,324
40935Flat Lick, KY 4093514.0 mi5$929,000$159,000$185,800
40769Williamsburg, KY 4076918.7 mi28$10,538,584$264,450$376,378
40962Manchester, KY 4096219.5 mi32$8,088,224$175,250$252,757
40729East Bernstadt, KY 4072924.1 mi22$10,111,332$269,975$459,606
40813Calvin, KY 4081325.1 mi1$165,000$165,000$165,000
37762Jellico, TN 3776225.7 mi11$4,966,841$342,000$451,531

Frequently Asked Questions

How many homes are for sale in GRAY, KY 40734?

As of March 2026, there are 6 active listings in GRAY, KY (zip code 40734), compared to 12 the prior year.

What is the median home price in GRAY, KY 40734?

The median listing price in GRAY, KY 40734 is $261,725 as of March 2026, a 30.9% increase from $200,000 the prior year.

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

Homes in GRAY, KY 40734 spend an average of 109 days on the market before going under contract, compared to 100 days the prior year.

Is it a seller's or buyer's market in GRAY, KY 40734?

Based on current inventory and days-on-market data as of March 2026, GRAY, KY 40734 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 109 days on market compared to 100 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GRAY, KY 40734 save an estimated $5,235 compared to a typical 5% commission on the median listing price of $261,725. 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.