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LONDON, KY 40741

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

Market Analysis

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

The LONDON, KY real estate market (40741) currently shows 92 active listings, with 23 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 64 days on market compared to 48 days last year.

The median listing price has risen 2.9% year-over-year, from $307,200 to $316,100.

Whether you are buying or selling in LONDON, 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: 24,282  ·  Density: 45.2/mi²  ·  Median household income: $53,075

Typical home value: $153,881  ·  Homeownership: 69.5%

Market Overview

Active Listings
92
⇧ 21.1% vs 76 last year
Pending
23
25% pending ratio
Median Price
$316,100
⇧ 2.9% vs $307,200 last year
Average Price
$411,097
⇧ 12.7% vs $364,814 last year
Days on Market
64
⇧ 33.3% vs 48 days last year

Price Per Square Foot

Median $/sqft
$167
⇧ 12.1% vs $149/sqft last year
Median Home Size
1,789 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 92 this year vs 76 last year
  • Days on market: 64 now vs 48 last year

Median & Average Pricing

Year over Year
  • Median: $316,100 (+2.9% YoY)
  • Average: $411,097 (+12.7% 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 23.4 miles — 413 listings ($153,843,066 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40741London, KY 407410.0 mi82$33,740,540$312,425$411,470
40729East Bernstadt, KY 407297.8 mi22$10,111,332$269,975$459,606
40740Lily, KY 407408.9 mi3$686,925$234,450$228,975
40402Annville, KY 4040213.8 mi4$796,160$166,750$199,040
40734Gray, KY 4073416.5 mi7$2,747,990$222,250$392,570
42501Somerset, KY 4250119.0 mi90$26,360,730$234,900$292,897
40771Woodbine, KY 4077119.5 mi1$55,900$55,900$55,900
40962Manchester, KY 4096220.3 mi32$8,088,224$175,250$252,757
40923Cannon, KY 4092320.8 mi5$653,700$149,900$130,740
40906Barbourville, KY 4090621.5 mi18$6,946,200$319,000$385,900
40759Rockholds, KY 4075921.9 mi3$726,000$242,000$242,000
42503Somerset, KY 4250322.6 mi145$62,674,365$397,975$432,237
40915Bimble, KY 4091523.4 mi1$255,000$255,000$255,000

Frequently Asked Questions

How many homes are for sale in LONDON, KY 40741?

As of March 2026, there are 92 active listings in LONDON, KY (zip code 40741), compared to 76 the prior year.

What is the median home price in LONDON, KY 40741?

The median listing price in LONDON, KY 40741 is $316,100 as of March 2026, a 2.9% increase from $307,200 the prior year.

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

Homes in LONDON, KY 40741 spend an average of 64 days on the market before going under contract, compared to 48 days the prior year.

Is it a seller's or buyer's market in LONDON, KY 40741?

Based on current inventory and days-on-market data as of March 2026, LONDON, KY 40741 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 64 days on market compared to 48 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LONDON, KY 40741 save an estimated $6,322 compared to a typical 5% commission on the median listing price of $316,100. 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.