Comprehensive market data and analysis• Updated Oct 2026
1.5 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 1 |
| 1-2 acres | 2 | 2 | 2 | 3 |
| 2-5 acres | 1 | 1 | 2 | 2 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | 1 | 1 | 1 |
| 20-50 acres | - | - | 1 | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 5 | 7 | 8 |
Acreage buckets
The median price for land in Melbourne, Kentucky is currently $31K per acre. For a typical parcel, the median sale price is $43K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $36K while premium lots reached $168K.
Melbourne, Kentucky is currently a very hot seller's market with 1.5 months of supply. Buyers should be prepared to move quickly and may face competitive pricing.
Melbourne, Kentucky currently has 1.5 months of inventory supply. This indicates a very hot seller's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Melbourne, Kentucky is 66.7%. The 12-month rate is 25.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Melbourne, Kentucky saw 6 properties sold, totaling $491K in sales volume. In just the last 3 months, 4 properties changed hands.
There are currently 2 active listings in Melbourne, Kentucky. 1 new listings have hit the market in the last 90 days. The median asking price is $75K.
The median land price in Melbourne, Kentucky stands at $43K. This translates to roughly $31K per acre for the typical parcel size. The average price is $82K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Melbourne on LandyDandy.
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