Is Somerset, KY 42501 a buyer’s or seller’s market?

The Somerset housing market right now

In the three months ending August 31, 2026, 9% of homes in Somerset, KY 42501 sold above their list price, the typical home went under contract in 81 days and there were 5.4 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 44 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (9% then), homes sold more slowly (66 days then) and the median sale price rose 11% to $188,918. Overall, Somerset is less competitive than a year ago, which gives buyers more room.

Within Pulaski County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell more often over asking than in 83%. On our competition score, Somerset ranks #145 of 160 KY ZIP codes with enough sales (score 13 out of 100).

Nearby, buyers who want less competition could look at Eubank 42567 (0% sold over asking) or Ferguson 42533 (0% sold over asking), while Science Hill 42553 (19% sold over asking) is even more competitive.