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Is Loretto, KY 40037 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Loretto is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list98.1%Sold price ÷ list price
Median days on market15Listing to accepted offer
Median price per sq ft$139▼ −29.6% vs. last year

The Loretto housing market right now

In the three months ending August 31, 2026, 0% of homes in Loretto, KY 40037 sold above their list price, the typical home went under contract in 15 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (126 days then) and the median sale price fell 13% to $213,857. Overall, Loretto is more competitive than a year ago, so tougher for buyers.

Nearby, Lebanon 40033 (22% sold over asking) is even more competitive.

Run the numbers for 40037

Prefilled for 40037Can I win this house?Multiple-offer likelihood for a listing Prefilled for 40037Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bradfordsville 40009 — /sq ftGravel Switch 40328 — /sq ftLebanon 40033Seller’s market $137 /sq ftRaywick 40060Seller’s market $271 /sq ft Browse all markets →

Towns like Loretto nearby

Find towns like Loretto in other states →
New Haven, KY40051 · 7 miles away93% similarlarger Boston, KY40107 · 12 miles away88% similarolder residents Sonora, KY42776 · 29 miles away86% similarmore renters Mount Eden, KY40046 · 30 miles away86% similarsmaller · older residents

Where Loretto is

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Questions about Loretto real estate

Is Loretto a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Loretto, KY 40037 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Loretto?

The typical home went under contract in 15 days in the latest three months.

Do homes in Loretto sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.

What are property taxes in Loretto?

About 0.69% of a home’s value a year in Marion County, or roughly $2,760 on a $400,000 home.

What is the median home price in Loretto?

The median sale price was $213,857 in the three months ending August 31, 2026, about $139 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology