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Is Millersburg, KY 40348 a buyer’s or seller’s market?

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

Millersburg is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list90%Sold price ÷ list price
Median days on market147Listing to accepted offer
Median price per sq ft$108▼ −8.4% vs. last year

The Millersburg housing market right now

In the three months ending August 31, 2026, 0% of homes in Millersburg, KY 40348 sold above their list price, the typical home went under contract in 147 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. 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 was about the same (0% then), homes sold more slowly (79 days then) and the median sale price fell 30% to $89,961. Overall, Millersburg is less competitive than a year ago, which gives buyers more room.

Run the numbers for 40348

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Nearby markets

Paris 40361Seller’s market $146 /sq ft Browse all markets →

Where Millersburg is

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Questions about Millersburg real estate

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

A buyer’s market: there were 12.8 months of supply in Millersburg, KY 40348 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 Millersburg?

The typical home went under contract in 147 days in the latest three months.

Do homes in Millersburg sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 90.0% of the list price.

What are property taxes in Millersburg?

About 0.71% of a home’s value a year in Bourbon County, or roughly $2,840 on a $400,000 home.

What is the median home price in Millersburg?

The median sale price was $89,961 in the three months ending August 31, 2026, about $108 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