Is Morganfield, KY 42437 a buyer’s or seller’s market?
Morganfield is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Morganfield housing market right now
In the three months ending August 31, 2026, 57% of homes in Morganfield, KY 42437 sold above their list price, the typical home went under contract in 24 days and there were 5 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. With only 7 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 40%, homes sold faster (30 days then) and the median sale price rose 57% to $219,905. Overall, Morganfield is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Sturgis 42459 (17% sold over asking) or Uniontown 42461 (33% sold over asking), while Waverly 42462 (75% sold over asking) is even more competitive.
Run the numbers for 42437
Nearby markets
Sturgis 42459Balanced $105 /sq ftUniontown 42461Balanced $111 /sq ftWaverly 42462Seller’s market $147 /sq ft Browse all markets →Towns like Morganfield nearby
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Questions about Morganfield real estate
Is Morganfield a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Morganfield, KY 42437 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 Morganfield?
The typical home went under contract in 24 days in the latest three months.
Do homes in Morganfield sell over asking?
57% of homes sold above their original list price, and the typical sale closed at 104.6% of the list price.
What are property taxes in Morganfield?
About 0.89% of a home’s value a year in Union County, or roughly $3,560 on a $400,000 home.
What is the median home price in Morganfield?
The median sale price was $219,905 in the three months ending August 31, 2026, about $176 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