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LILY, KY 40740

Real Estate Market Report  ·  Laurel County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
5
⇧ 66.7% vs 3 last year
Pending
3
60% pending ratio
Median Price
$170,000
⇧ 6.9% vs $159,000 last year
Average Price
$199,000
⇧ 8.2% vs $183,958 last year
Days on Market
108
⇧ 5.9% vs 102 days last year

Market Context

Population: 4,017  ·  Density: 102.6/mi²  ·  Median household income: $58,260

Typical home value: $118,797  ·  Homeownership: 56.2%

Market Analysis

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

The LILY, KY real estate market (40740) currently shows 5 active listings, with 3 pending sales. Homes are averaging 108 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 108 days on market compared to 102 days last year.

The median listing price has risen 6.9% year-over-year, from $159,000 to $170,000.

Whether you are buying or selling in LILY, 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: 5 this year vs 3 last year
  • Days on market: 108 now vs 102 last year

Median & Average Pricing

Year over Year
  • Median: $170,000 (+6.9% YoY)
  • Average: $199,000 (+8.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.0 miles — 167 listings ($55,789,724 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40740Lily, KY 407400.0 mi5$995,000$170,000$199,000
40737Keavy, KY 407375.6 mi5$1,968,900$350,000$393,780
40741London, KY 407418.9 mi79$31,910,075$322,200$403,925
40771Woodbine, KY 4077111.2 mi1$72,400$72,400$72,400
40923Cannon, KY 4092312.6 mi5$653,700$149,900$130,740
40759Rockholds, KY 4075913.9 mi3$627,000$209,000$209,000
40915Bimble, KY 4091515.0 mi1$259,000$259,000$259,000
40941Garrard, KY 4094117.8 mi0$0$529,000$529,000
40962Manchester, KY 4096218.2 mi32$7,958,976$169,500$248,718
40402Annville, KY 4040219.4 mi3$619,401$148,500$206,467
40997Walker, KY 4099722.1 mi1$375,000$375,000$375,000
40769Williamsburg, KY 4076922.6 mi32$10,350,272$222,000$323,446
42634Parkers Lake, KY 4263423.0 mi0$0$180,000$180,000

Frequently Asked Questions

How many homes are for sale in LILY, KY 40740?

As of January 2026, there are 5 active listings in LILY, KY (zip code 40740), compared to 3 the prior year.

What is the median home price in LILY, KY 40740?

The median listing price in LILY, KY 40740 is $170,000 as of January 2026, a 6.9% increase from $159,000 the prior year.

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

Homes in LILY, KY 40740 spend an average of 108 days on the market before going under contract, compared to 102 days the prior year.

Is it a seller's or buyer's market in LILY, KY 40740?

Based on current inventory and days-on-market data as of January 2026, LILY, KY 40740 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 108 days on market compared to 102 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LILY, KY 40740 save an estimated $3,400 compared to a typical 5% commission on the median listing price of $170,000. 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.