Is Prospect, KY 40059 a buyer’s or seller’s market?
Prospect is a seller’s market. With about 3 months of supply and 19% 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.
More competitive than 47% of U.S. ZIP codes, and #68 of 160 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Prospect housing market right now
In the three months ending August 31, 2026, 19% of homes in Prospect, KY 40059 sold above their list price, the typical home went under contract in 41 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 143 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 23%, homes sold more slowly (35 days then) and the median sale price rose 2% to $737,181. Overall, Prospect is less competitive than a year ago, which gives buyers more room.
Within Oldham County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Prospect ranks #68 of 160 KY ZIP codes with enough sales (score 47 out of 100).
Nearby, buyers who want less competition could look at Buckner 40010 (0% sold over asking) or Pewee Valley 40056 (10% sold over asking).
Run the numbers for 40059
Nearby markets
Buckner 40010Seller’s market $165 /sq ftCrestwood 40014Seller’s market $187 /sq ftGoshen 40026Seller’s market $200 /sq ftLa Grange 40031Seller’s market $181 /sq ft Browse all markets →Towns like Prospect nearby
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Questions about Prospect real estate
Is Prospect a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Prospect, KY 40059 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 Prospect?
The typical home went under contract in 41 days in the latest three months.
Do homes in Prospect sell over asking?
19% 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 Prospect?
About 0.90% of a home’s value a year in Oldham County, or roughly $3,600 on a $400,000 home.
What is the median home price in Prospect?
The median sale price was $737,181 in the three months ending August 31, 2026, about $210 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