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Is Clay City, KY 40312 a buyer’s or seller’s market?

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

Clay City is a buyer’s market. With about 7.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7.8Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list98.4%Sold price ÷ list price
Median days on market56Listing to accepted offer
Median price per sq ft$142▲ +3.8% vs. last year

The Clay City housing market right now

In the three months ending August 31, 2026, 33% of homes in Clay City, KY 40312 sold above their list price, the typical home went under contract in 56 days and there were 7.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 9 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 9%, homes sold faster (180 days then) and the median sale price rose 39% to $221,904. Overall, Clay City is more competitive than a year ago, so tougher for buyers.

Run the numbers for 40312

Prefilled for 40312Can I win this house?Multiple-offer likelihood for a listing Prefilled for 40312Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Stanton 40380Buyer’s market $156 /sq ft Browse all markets →

Towns like Clay City nearby

Find towns like Clay City in other states →
Stanton, KY40380 · 8 miles away95% similarVery close on income, prices and more West Liberty, KY41472 · 37 miles away91% similarlarger Owingsville, KY40360 · 23 miles away90% similarVery close on income, prices and more Irvine, KY40336 · 12 miles away87% similarlarger · 7 min longer commute

Where Clay City is

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Questions about Clay City real estate

Is Clay City a buyer’s or seller’s market?

A buyer’s market: there were 7.8 months of supply in Clay City, KY 40312 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 Clay City?

The typical home went under contract in 56 days in the latest three months.

Do homes in Clay City sell over asking?

33% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.

What are property taxes in Clay City?

About 0.62% of a home’s value a year in Powell County, or roughly $2,480 on a $400,000 home.

What is the median home price in Clay City?

The median sale price was $221,904 in the three months ending August 31, 2026, about $142 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