Is Mount Sterling, KY 40353 a buyer’s or seller’s market?
Mount Sterling is a seller’s market. With about 3.6 months of supply and 10% 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 21% of U.S. ZIP codes, and #112 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 Mount Sterling housing market right now
In the three months ending August 31, 2026, 10% of homes in Mount Sterling, KY 40353 sold above their list price, the typical home went under contract in 58 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 63 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (11% then), homes sold about as fast and the median sale price rose 7% to $269,883. Overall, Mount Sterling is about as competitive as it was a year ago.
On our competition score, Mount Sterling ranks #112 of 160 KY ZIP codes with enough sales (score 26 out of 100).
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Questions about Mount Sterling real estate
Is Mount Sterling a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Mount Sterling, KY 40353 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 Mount Sterling?
The typical home went under contract in 58 days in the latest three months.
Do homes in Mount Sterling sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Mount Sterling?
About 0.73% of a home’s value a year in Montgomery County, or roughly $2,920 on a $400,000 home.
What is the median home price in Mount Sterling?
The median sale price was $269,883 in the three months ending August 31, 2026, about $162 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