Is Mortons Gap, KY 42440 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Mortons Gap is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Mortons Gap housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Hopkins County, KY

Population	650
Average income	$49,273
Median home value	$96,800
Median rent	$675/month
Owner-occupied	83% of homes
Median year built	1970

Natural hazard riskTornadoes (relatively high), winter storms (relatively high), earthquakes (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 42440; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 42440

Prefilled for 42440Can I win this house?Multiple-offer likelihood for a listing Prefilled for 42440Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Dawson Springs 42408Balanced $114 /sq ft Earlington 42410Balanced $69 /sq ft Hanson 42413Seller’s market $155 /sq ft Madisonville 42431Balanced $113 /sq ft Browse all markets →

Where Mortons Gap is

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Questions about Mortons Gap real estate

What are property taxes in Mortons Gap?

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

Local agents

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More tools for 42440

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Hopkins County property taxes Hopkins County loan limits Closing costs in Kentucky Hottest ZIP codes in Kentucky

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology