Is Elkhorn City, KY 41522 a buyer’s or seller’s market?
Elkhorn City is a seller’s market. With about 3.2 months of supply and 17% 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.
The Elkhorn City housing market right now
In the three months ending August 31, 2026, 17% of homes in Elkhorn City, KY 41522 sold above their list price, the typical home went under contract in 81 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. With only 6 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 (215 days then) and the median sale price rose 328% to $149,935. Overall, Elkhorn City is more competitive than a year ago, so tougher for buyers.
Within Pike County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 85%.
Nearby, buyers who want less competition could look at Steele 41566 (0% sold over asking) or Ransom 41558 (0% sold over asking), while Kimper 41539 (25% sold over asking) and Virgie 41572 (20% sold over asking) are even more competitive.
Run the numbers for 41522
Nearby markets
Belcher 41513Seller’s market $74 /sq ftBelfry 41514Buyer’s market $61 /sq ftCanada 41519 — /sq ftFords Branch 41526 $338 /sq ft Browse all markets →Towns like Elkhorn City nearby
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Questions about Elkhorn City real estate
Is Elkhorn City a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Elkhorn City, KY 41522 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 Elkhorn City?
The typical home went under contract in 81 days in the latest three months.
Do homes in Elkhorn City sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 90.3% of the list price.
What are property taxes in Elkhorn City?
About 0.69% of a home’s value a year in Pike County, or roughly $2,760 on a $400,000 home.
What is the median home price in Elkhorn City?
The median sale price was $149,935 in the three months ending August 31, 2026, about $104 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