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Is Gamaliel, KY 42140 a buyer’s or seller’s market?

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

Gamaliel is a buyer’s market. With about 16 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply16Under 4 months = seller’s market
Sold above original list99.9%Share of sales, last 3 months
Median sale-to-list106.1%Sold price ÷ list price
Median days on market58Listing to accepted offer
Median price per sq ft$127

The Gamaliel housing market right now

In the three months ending August 31, 2026, 100% of homes in Gamaliel, KY 42140 sold above their list price, the typical home went under contract in 58 days and there were 16 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.

Nearby, buyers who want less competition could look at Tompkinsville 42167 (0% sold over asking) or Fountain Run 42133 (0% sold over asking).

Run the numbers for 42140

Prefilled for 42140Can I win this house?Multiple-offer likelihood for a listing Prefilled for 42140Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Fountain Run 42133Buyer’s market $101 /sq ftHestand 42151 — /sq ftMount Hermon 42157 — /sq ftTompkinsville 42167Buyer’s market $131 /sq ft Browse all markets →

Towns like Gamaliel nearby

Find towns like Gamaliel in other states →
Hardyville, KY42746 · 40 miles away90% similarlarger Park City, KY42160 · 33 miles away69% similarpricier homes ($65K more) · larger Tompkinsville, KY42167 · 8 miles away64% similarlarger · older residents Fountain Run, KY42133 · 9 miles away63% similarpricier homes ($72K more) · older residents

Where Gamaliel is

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Questions about Gamaliel real estate

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

A buyer’s market: there were 16 months of supply in Gamaliel, KY 42140 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 Gamaliel?

The typical home went under contract in 58 days in the latest three months.

Do homes in Gamaliel sell over asking?

100% of homes sold above their original list price, and the typical sale closed at 106.1% of the list price.

What are property taxes in Gamaliel?

About 0.77% of a home’s value a year in Monroe County, or roughly $3,080 on a $400,000 home.

What is the median home price in Gamaliel?

The median sale price was $121,947 in the three months ending August 31, 2026, about $127 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