Is London, KY 40741 a buyer’s or seller’s market?

The London housing market right now

In the three months ending August 31, 2026, 13% of homes in London, KY 40741 sold above their list price, the typical home went under contract in 64 days and there were 4.2 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 57 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold more slowly (53 days then) and the median sale price rose 9% to $249,892. Overall, London is about as competitive as it was a year ago.

Within Laurel County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, London ranks #117 of 160 KY ZIP codes with enough sales (score 24 out of 100).

Nearby, buyers who want less competition could look at Lily 40740 (0% sold over asking) or Keavy 40737 (0% sold over asking), while East Bernstadt 40729 (15% sold over asking) is even more competitive.