Is Madisonville, KY 42431 a buyer’s or seller’s market?

The Madisonville housing market right now

In the three months ending August 31, 2026, 6% of homes in Madisonville, KY 42431 sold above their list price, the typical home went under contract in 39 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 65 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 12%, homes sold more slowly (36 days then) and the median sale price rose 8% to $199,913. Overall, Madisonville is less competitive than a year ago, which gives buyers more room.

Within Hopkins County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Madisonville ranks #119 of 160 KY ZIP codes with enough sales (score 23 out of 100).

Nearby, buyers who want less competition could look at Manitou 42436 (0% sold over asking) or Earlington 42410 (0% sold over asking), while Nortonville 42442 (33% sold over asking) and Hanson 42413 (10% sold over asking) are even more competitive.