Is Berea, KY 40403 a buyer’s or seller’s market?
Berea is a seller’s market. With about 3.7 months of supply and 9% 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 28% of U.S. ZIP codes, and #100 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 Berea housing market right now
In the three months ending August 31, 2026, 9% of homes in Berea, KY 40403 sold above their list price, the typical home went under contract in 54 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 120 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (41 days then) and the median sale price fell 7% to $259,788. Overall, Berea is less competitive than a year ago, which gives buyers more room.
On our competition score, Berea ranks #100 of 160 KY ZIP codes with enough sales (score 32 out of 100).
Nearby, buyers who want less competition could look at Waco 40385 (0% sold over asking), while Richmond 40475 (13% sold over asking) is even more competitive.
Run the numbers for 40403
Nearby markets
Richmond 40475Seller’s market $178 /sq ftWaco 40385Seller’s market $155 /sq ft Browse all markets →Towns like Berea nearby
Find towns like Berea in other states →Where Berea is
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Questions about Berea real estate
Is Berea a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Berea, KY 40403 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 Berea?
The typical home went under contract in 54 days in the latest three months.
Do homes in Berea sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Berea?
About 0.73% of a home’s value a year in Madison County, or roughly $2,920 on a $400,000 home.
What is the median home price in Berea?
The median sale price was $259,788 in the three months ending August 31, 2026, about $172 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