Is Reed, KY 42451 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Reed 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 list0%Share of sales, last 3 months

Median sale-to-list100.2%Sold price ÷ list price

Median days on market207Listing to accepted offer

Median price per sq ft$181▲ +18.7% vs. last year

The Reed housing market right now

In the three months ending August 31, 2026, 0% of homes in Reed, KY 42451 sold above their list price and the typical home went under contract in 207 days. With only 1 sale, 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 more slowly (4 days then) and the median sale price rose 30% to $208,410. Overall, Reed is less competitive than a year ago, which gives buyers more room.

Within Henderson County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Spottsville 42458 (50% sold over asking) and Corydon 42406 (33% sold over asking) are even more competitive.

About the area

Henderson County, KY

Population	600
Median income	$57,100
Average income	$56,943
Median home value	$190,500
Median rent	$1,315/month
Owner-occupied	62% of homes
Median year built	1969

Natural hazard riskExtreme heat (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 42451; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 42451

Prefilled for 42451Can I win this house?Multiple-offer likelihood for a listing Prefilled for 42451Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Corydon 42406Seller’s market $132 /sq ft Henderson 42420Seller’s market $142 /sq ft Robards 42452Seller’s market $183 /sq ft Spottsville 42458Seller’s market $94 /sq ft Browse all markets →

Where Reed is

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Questions about Reed real estate

How fast do homes sell in Reed?

The typical home went under contract in 207 days in the latest three months.

Do homes in Reed sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.2% of the list price.

What are property taxes in Reed?

About 0.90% of a home’s value a year in Henderson County, or roughly $3,600 on a $400,000 home.

What is the median home price in Reed?

The median sale price was $208,410 in the three months ending August 31, 2026, about $181 per square foot.

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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 Henderson County property taxes Henderson 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