Is Frakes, KY 40940 a buyer’s or seller’s market?
Frakes 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.
The Frakes housing market right now
In the three months ending August 31, 2026, 0% of homes in Frakes, KY 40940 sold above their list price, the typical home went under contract in 59 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 1 sale, these figures can swing a lot from month to month.
The median sale price was $144,937, or about $155 per square foot.
Within Bell County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Calvin 40813 (33% sold over asking) and Pineville 40977 (25% sold over asking) are even more competitive.
Run the numbers for 40940
Nearby markets
Arjay 40902Buyer’s market $83 /sq ftCalvin 40813Seller’s market $113 /sq ftFourmile 40939 — /sq ftHulen 40845 — /sq ft Browse all markets →Where Frakes is
Loading map…
Questions about Frakes real estate
Is Frakes a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Frakes, KY 40940 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 Frakes?
The typical home went under contract in 59 days in the latest three months.
Do homes in Frakes sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Frakes?
About 0.81% of a home’s value a year in Bell County, or roughly $3,240 on a $400,000 home.
What is the median home price in Frakes?
The median sale price was $144,937 in the three months ending August 31, 2026, about $155 per square foot.
Local agents
See all agents in 40940 →No sponsored agents in 40940 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 40940
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology