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Is Flat Lick, KY 40935 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Flat Lick is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list98.7%Sold price ÷ list price
Median days on market58Listing to accepted offer
Median price per sq ft$124▲ +68.6% vs. last year

The Flat Lick housing market right now

In the three months ending August 31, 2026, 33% of homes in Flat Lick, KY 40935 sold above their list price, the typical home went under contract in 58 days and there were 9.6 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 rose from 0%, homes sold faster (136 days then) and the median sale price rose 112% to $339,853. Overall, Flat Lick is more competitive than a year ago, so tougher for buyers.

Within Knox County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Walker 40997 (0% sold over asking) or Girdler 40943 (0% sold over asking).

Run the numbers for 40935

Prefilled for 40935Can I win this house?Multiple-offer likelihood for a listing Prefilled for 40935Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Artemus 40903Seller’s market $247 /sq ftBarbourville 40906Buyer’s market $113 /sq ftBimble 40915 — /sq ftBryants Store 40921 $155 /sq ft Browse all markets →

Towns like Flat Lick nearby

Find towns like Flat Lick in other states →
Pine Knot, KY42635 · 36 miles away60% similarpricier homes ($50K more) · larger Rockholds, KY40759 · 18 miles away52% similarpricier homes ($56K more) · larger Wallins Creek, KY40873 · 19 miles away52% similarpricier homes ($47K more) · older residents Yeaddiss, KY41777 · 33 miles away52% similaryounger residents · more homeowners

Where Flat Lick is

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Questions about Flat Lick real estate

Is Flat Lick a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Flat Lick, KY 40935 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 Flat Lick?

The typical home went under contract in 58 days in the latest three months.

Do homes in Flat Lick sell over asking?

33% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.

What are property taxes in Flat Lick?

About 0.66% of a home’s value a year in Knox County, or roughly $2,640 on a $400,000 home.

What is the median home price in Flat Lick?

The median sale price was $339,853 in the three months ending August 31, 2026, about $124 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