Is Wellington, KY 40387 a buyer’s or seller’s market?
Wellington is a balanced market. With about 5.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 8% of U.S. ZIP codes, and #143 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 Wellington housing market right now
In the three months ending August 31, 2026, 13% of homes in Wellington, KY 40387 sold above their list price, the typical home went under contract in 73 days and there were 5.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold more slowly (38 days then) and the median sale price fell 14% to $144,937. Overall, Wellington is less competitive than a year ago, which gives buyers more room.
On our competition score, Wellington ranks #143 of 160 KY ZIP codes with enough sales (score 15 out of 100).
Run the numbers for 40387
Nearby markets
Denniston 40316 — /sq ftFrenchburg 40322Buyer’s market $136 /sq ftMeans 40346 — /sq ft Browse all markets →Towns like Wellington nearby
Find towns like Wellington in other states →Where Wellington is
Loading map…
Questions about Wellington real estate
Is Wellington a buyer’s or seller’s market?
A balanced market: there were 5.4 months of supply in Wellington, KY 40387 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 Wellington?
The typical home went under contract in 73 days in the latest three months.
Do homes in Wellington sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.
What are property taxes in Wellington?
About 0.51% of a home’s value a year in Menifee County, or roughly $2,040 on a $400,000 home.
What is the median home price in Wellington?
The median sale price was $144,937 in the three months ending August 31, 2026, about $147 per square foot.
Local agents
See all agents in 40387 →No sponsored agents in 40387 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 40387
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology