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MELBOURNE, KY 41059

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

Market Analysis

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

The MELBOURNE, KY real estate market (41059) currently shows 3 active listings, with 2 pending sales. Homes are averaging 113 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 taking longer to sell, averaging 113 days on market compared to 21 days last year.

The median listing price has fallen 14% year-over-year, from $447,450 to $385,000.

Whether you are buying or selling in MELBOURNE, 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: 3,183  ·  Density: 80.0/mi²  ·  Median household income: $54,412

Typical home value: $191,451  ·  Homeownership: 83.9%

Market Overview

Active Listings
3
⇩ 40% vs 5 last year
Pending
2
67% pending ratio
Median Price
$385,000
⇩ 14% vs $447,450 last year
Average Price
$408,300
⇩ 8.7% vs $447,450 last year
Days on Market
113
⇧ 438.1% vs 21 days last year

Price Per Square Foot

Median $/sqft
$179
⇩ 39.9% vs $298/sqft last year
Median Home Size
1,924 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 5 last year
  • Days on market: 113 now vs 21 last year

Median & Average Pricing

Year over Year
  • Median: $385,000 (-14% YoY)
  • Average: $408,300 (-8.7% 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 11.0 miles — 621 listings ($299,444,816 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
41059Melbourne, KY 410590.0 mi6$2,449,752$384,975$408,292
45255Cincinnati, OH 452553.9 mi44$18,078,720$349,950$410,880
45230Cincinnati, OH 452305.2 mi68$33,534,268$332,450$493,151
41001Alexandria, KY 410016.8 mi47$16,003,312$335,687$340,496
41075Fort Thomas, KY 410757.4 mi37$18,063,437$349,650$488,201
45102Amelia, OH 451027.9 mi70$25,718,840$363,450$367,412
41007California, KY 410078.1 mi3$1,338,249$414,250$446,083
41071Newport, KY 410718.4 mi123$64,856,547$302,000$527,289
41074Dayton, KY 410749.3 mi29$12,383,493$376,975$427,017
45208Cincinnati, OH 4520810.0 mi54$37,816,578$475,000$700,307
41011Covington, KY 4101110.5 mi87$45,626,541$355,000$524,443
45174Terrace Park, OH 4517410.9 mi5$2,168,375$433,675$433,675
45206Cincinnati, OH 4520611.0 mi48$21,406,704$317,400$445,973

Frequently Asked Questions

How many homes are for sale in MELBOURNE, KY 41059?

As of March 2026, there are 3 active listings in MELBOURNE, KY (zip code 41059), compared to 5 the prior year.

What is the median home price in MELBOURNE, KY 41059?

The median listing price in MELBOURNE, KY 41059 is $385,000 as of March 2026, a 14% decrease from $447,450 the prior year.

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

Homes in MELBOURNE, KY 41059 spend an average of 113 days on the market before going under contract, compared to 21 days the prior year.

Is it a seller's or buyer's market in MELBOURNE, KY 41059?

Based on current inventory and days-on-market data as of March 2026, MELBOURNE, KY 41059 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 113 days on market compared to 21 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MELBOURNE, KY 41059 save an estimated $7,700 compared to a typical 5% commission on the median listing price of $385,000. 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.