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Is Midway, KY 40347 a buyer’s or seller’s market?

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

Midway is a seller’s market. With about 2.1 months of supply and 8% 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 supply2.1Under 4 months = seller’s market
Sold above original list8.3%Share of sales, last 3 months
Median sale-to-list97.1%Sold price ÷ list price
Median days on market28Listing to accepted offer
Median price per sq ft$203▲ +13.0% vs. last year

The Midway housing market right now

In the three months ending August 31, 2026, 8% of homes in Midway, KY 40347 sold above their list price, the typical home went under contract in 28 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold faster (30 days then) and the median sale price fell 11% to $330,857. Overall, Midway is about as competitive as it was a year ago.

Run the numbers for 40347

Prefilled for 40347Can I win this house?Multiple-offer likelihood for a listing Prefilled for 40347Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Versailles 40383Seller’s market $186 /sq ft Browse all markets →

Towns like Midway nearby

Find towns like Midway in other states →
Lexington, KY40516 · 19 miles away79% similarcheaper homes ($90K less) · 7 min longer commute Simpsonville, KY40067 · 36 miles away78% similarlarger · 7 min longer commute Versailles, KY40383 · 8 miles away75% similarcheaper homes ($42K less) · larger Lexington, KY40514 · 13 miles away70% similarcheaper homes ($39K less) · larger

Where Midway is

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Questions about Midway real estate

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

A seller’s market: there were 2.1 months of supply in Midway, KY 40347 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 Midway?

The typical home went under contract in 28 days in the latest three months.

Do homes in Midway sell over asking?

8% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.

What are property taxes in Midway?

About 0.70% of a home’s value a year in Woodford County, or roughly $2,800 on a $400,000 home.

What is the median home price in Midway?

The median sale price was $330,857 in the three months ending August 31, 2026, about $203 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