Is Falmouth, KY 41040 a buyer’s or seller’s market?
Falmouth is a seller’s market. With about 3.2 months of supply and 6% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 37% of U.S. ZIP codes, and #80 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 Falmouth housing market right now
In the three months ending August 31, 2026, 6% of homes in Falmouth, KY 41040 sold above their list price, the typical home went under contract in 18 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold faster (21 days then) and the median sale price rose 36% to $206,611. Overall, Falmouth is less competitive than a year ago, which gives buyers more room.
On our competition score, Falmouth ranks #80 of 160 KY ZIP codes with enough sales (score 39 out of 100).
Nearby, buyers who want less competition could look at De Mossville 41033 (0% sold over asking), while Butler 41006 (43% sold over asking) is even more competitive.
Run the numbers for 41040
Nearby markets
Butler 41006Seller’s market $154 /sq ftDe Mossville 41033Buyer’s market $179 /sq ft Browse all markets →Towns like Falmouth nearby
Find towns like Falmouth in other states →Where Falmouth is
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Questions about Falmouth real estate
Is Falmouth a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Falmouth, KY 41040 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 Falmouth?
The typical home went under contract in 18 days in the latest three months.
Do homes in Falmouth sell over asking?
6% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Falmouth?
About 0.80% of a home’s value a year in Pendleton County, or roughly $3,200 on a $400,000 home.
What is the median home price in Falmouth?
The median sale price was $206,611 in the three months ending August 31, 2026, about $144 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