Is Melbourne, KY 41059 a buyer’s or seller’s market?
Melbourne is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Melbourne housing market right now
In the three months ending August 31, 2026, 0% of homes in Melbourne, KY 41059 sold above their list price, the typical home went under contract in 32 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 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 20%, homes sold more slowly (6 days then) and the median sale price rose 130% to $816,647. Overall, Melbourne is less competitive than a year ago, which gives buyers more room.
Within Campbell County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Silver Grove 41085 (100% sold over asking) and Bellevue 41073 (35% sold over asking) are even more competitive.
Run the numbers for 41059
Nearby markets
Alexandria 41001Seller’s market $185 /sq ftBellevue 41073Seller’s market $215 /sq ftCalifornia 41007Seller’s market $147 /sq ftDayton 41074Seller’s market $157 /sq ft Browse all markets →Towns like Melbourne nearby
Find towns like Melbourne in other states →Where Melbourne is
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Questions about Melbourne real estate
Is Melbourne a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Melbourne, KY 41059 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 Melbourne?
The typical home went under contract in 32 days in the latest three months.
Do homes in Melbourne sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Melbourne?
About 1.01% of a home’s value a year in Campbell County, or roughly $4,040 on a $400,000 home.
What is the median home price in Melbourne?
The median sale price was $816,647 in the three months ending August 31, 2026, about $209 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