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GRAY, KY 40734

Real Estate Market Report  ·  Knox County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
⇩ 25% vs 8 last year
Pending
1
17% pending ratio
Median Price
$115,000
⇩ 51.4% vs $236,750 last year
Average Price
$288,200
⇩ 2.1% vs $294,341 last year
Days on Market
91
⇩ 30% vs 130 days last year

Market Context

Population: 3,207  ·  Density: 27.3/mi²  ·  Median household income: $41,071

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

Market Analysis

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

The GRAY, KY real estate market (40734) currently shows 6 active listings, with 1 pending sales. Homes are averaging 91 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 91 days on market compared to 130 days last year.

The median listing price has fallen 51.4% year-over-year, from $236,750 to $115,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 8 last year
  • Days on market: 91 now vs 130 last year

Median & Average Pricing

Year over Year
  • Median: $115,000 (-51.4% YoY)
  • Average: $288,200 (-2.1% 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 25.1 miles — 295 listings ($97,905,751 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40734Gray, KY 407340.0 mi6$1,729,200$115,000$288,200
40949Heidrick, KY 409495.7 mi1$450,000$450,000$450,000
40923Cannon, KY 409236.5 mi5$653,700$149,900$130,740
40915Bimble, KY 409158.4 mi1$259,000$259,000$259,000
40953Hinkle, KY 409539.1 mi2$415,000$207,500$207,500
40921Bryants Store, KY 4092110.6 mi1$169,000$169,000$169,000
40701Corbin, KY 4070111.1 mi103$31,251,642$275,000$303,414
40935Flat Lick, KY 4093514.0 mi5$934,000$159,000$186,800
40741London, KY 4074116.5 mi79$31,910,075$322,200$403,925
40769Williamsburg, KY 4076918.7 mi32$10,350,272$222,000$323,446
40962Manchester, KY 4096219.5 mi32$7,958,976$169,500$248,718
40729East Bernstadt, KY 4072924.1 mi26$11,494,886$250,000$442,111
40813Calvin, KY 4081325.1 mi2$330,000$165,000$165,000

Frequently Asked Questions

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

As of January 2026, there are 6 active listings in GRAY, KY (zip code 40734), compared to 8 the prior year.

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

The median listing price in GRAY, KY 40734 is $115,000 as of January 2026, a 51.4% decrease from $236,750 the prior year.

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

Homes in GRAY, KY 40734 spend an average of 91 days on the market before going under contract, compared to 130 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 January 2026, GRAY, KY 40734 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 91 days on market compared to 130 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 $2,300 compared to a typical 5% commission on the median listing price of $115,000. 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.