Is London, KY 40744 a buyer’s or seller’s market?
London is a balanced market. With about 5.2 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 19% of U.S. ZIP codes, and #115 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 London housing market right now
In the three months ending August 31, 2026, 14% of homes in London, KY 40744 sold above their list price, the typical home went under contract in 60 days and there were 5.2 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 54 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (72 days then) and the median sale price fell 6% to $263,386. Overall, London is more competitive than a year ago, so tougher for buyers.
Within Laurel County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, London ranks #115 of 160 KY ZIP codes with enough sales (score 25 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).
Run the numbers for 40744
Nearby markets
East Bernstadt 40729Balanced $119 /sq ftKeavy 40737Seller’s market $173 /sq ftLily 40740Buyer’s market $140 /sq ftLondon 40741Balanced $149 /sq ft Browse all markets →Towns like London nearby
Find towns like London in other states →Where London is
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Questions about London real estate
Is London a buyer’s or seller’s market?
A balanced market: there were 5.2 months of supply in London, KY 40744 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 London?
The typical home went under contract in 60 days in the latest three months.
Do homes in London sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in London?
About 0.57% of a home’s value a year in Laurel County, or roughly $2,280 on a $400,000 home.
What is the median home price in London?
The median sale price was $263,386 in the three months ending August 31, 2026, about $156 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