Is Cumberland, KY 40823 a buyer’s or seller’s market?
Cumberland is a buyer’s market. With about 13.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Cumberland housing market right now
In the three months ending August 31, 2026, 0% of homes in Cumberland, KY 40823 sold above their list price, the typical home went under contract in 64 days and there were 13.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (66 days then) and the median sale price rose 230% to $181,421. Overall, Cumberland is less competitive than a year ago, which gives buyers more room.
Within Harlan County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Lynch 40855 (100% sold over asking) and Bledsoe 40810 (50% sold over asking) are even more competitive.
Run the numbers for 40823
Nearby markets
Baxter 40806Balanced $39 /sq ftBledsoe 40810 $80 /sq ftColdiron 40819 — /sq ftCranks 40820 — /sq ft Browse all markets →Towns like Cumberland nearby
Find towns like Cumberland in other states →Where Cumberland is
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Questions about Cumberland real estate
Is Cumberland a buyer’s or seller’s market?
A buyer’s market: there were 13.9 months of supply in Cumberland, KY 40823 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 Cumberland?
The typical home went under contract in 64 days in the latest three months.
Do homes in Cumberland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Cumberland?
About 0.99% of a home’s value a year in Harlan County, or roughly $3,960 on a $400,000 home.
What is the median home price in Cumberland?
The median sale price was $181,421 in the three months ending August 31, 2026, about $61 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