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Is Banner, KY 41603 a buyer’s or seller’s market?

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

Banner is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.3%Sold price ÷ list price
Median days on market69Listing to accepted offer
Median price per sq ft$103▼ −21.4% vs. last year

The Banner housing market right now

In the three months ending August 31, 2026, 0% of homes in Banner, KY 41603 sold above their list price, the typical home went under contract in 69 days and there were 8 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 was about the same (0% then), homes sold faster (72 days then) and the median sale price fell 4% to $196,665. Overall, Banner is about as competitive as it was a year ago.

Within Floyd County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Harold 41635 (33% sold over asking) is even more competitive.

Run the numbers for 41603

Prefilled for 41603Can I win this house?Multiple-offer likelihood for a listing Prefilled for 41603Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Allen 41601 — /sq ftAuxier 41602Buyer’s market $100 /sq ftBeaver 41604 $75 /sq ftBetsy Layne 41605 — /sq ft Browse all markets →

Towns like Banner nearby

Find towns like Banner in other states →
Lenore, WV25676 · 27 miles away54% similarcheaper homes ($82K less) · smaller Clintwood, VA24228 · 31 miles away53% similarcheaper homes ($89K less) · larger West Liberty, KY41472 · 40 miles away53% similarcheaper homes ($74K less) · larger Flatgap, KY41219 · 28 miles away51% similarcheaper homes ($114K less) · 9 min longer commute

Where Banner is

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Questions about Banner real estate

Is Banner a buyer’s or seller’s market?

A buyer’s market: there were 8 months of supply in Banner, KY 41603 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 Banner?

The typical home went under contract in 69 days in the latest three months.

Do homes in Banner sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.

What are property taxes in Banner?

About 0.76% of a home’s value a year in Floyd County, or roughly $3,040 on a $400,000 home.

What is the median home price in Banner?

The median sale price was $196,665 in the three months ending August 31, 2026, about $103 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