Is Garfield, KY 40140 a buyer’s or seller’s market?
Garfield 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.
The Garfield housing market right now
In the three months ending August 31, 2026, 0% of homes in Garfield, KY 40140 sold above their list price, the typical home went under contract in 118 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 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold faster (132 days then) and the median sale price fell 72% to $51,678. Overall, Garfield is less competitive than a year ago, which gives buyers more room.
Within Breckinridge County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 40140
Nearby markets
Cloverport 40111Seller’s market $131 /sq ftCuster 40115Seller’s market $122 /sq ftFalls Of Rough 40119Buyer’s market $222 /sq ftHardinsburg 40143Buyer’s market $130 /sq ft Browse all markets →Where Garfield is
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Questions about Garfield real estate
Is Garfield a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Garfield, KY 40140 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 Garfield?
The typical home went under contract in 118 days in the latest three months.
Do homes in Garfield sell over asking?
0% of homes sold above their original list price.
What are property taxes in Garfield?
About 0.58% of a home’s value a year in Breckinridge County, or roughly $2,320 on a $400,000 home.
What is the median home price in Garfield?
The median sale price was $51,678 in the three months ending August 31, 2026, about $34 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