Comprehensive market data and analysis• Updated Dec 2025
39.4 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 5 | 20 | 36 |
| 1-2 acres | 2 | 3 | 4 | 10 |
| 2-5 acres | - | 1 | 4 | 15 |
| 5-10 acres | - | 1 | 4 | 21 |
| 10-20 acres | - | 2 | 2 | 9 |
| 20-50 acres | - | 3 | 5 | 8 |
| 50-100 acres | - | - | - | 4 |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 15 | 39 | 103 |
Acreage buckets
The median price for land in Somerset, Kentucky is currently $13K per acre. For a typical parcel, the median sale price is $42K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $8K while premium lots reached $135K.
Somerset, Kentucky is currently a strong buyer's market with 39.4 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 49.2% year-over-year.
Somerset, Kentucky currently has 39.4 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Somerset, Kentucky is 2.5%. The 12-month rate is 4.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in Somerset, Kentucky is 2.5% (3-month basis), indicating slow demand. With depreciating values (-49.2% YoY), buyers may find value opportunities. The top-performing broker in this market is Weichert Realtors Ford Brothers, Inc..
Land in Somerset, Kentucky typically sells within 119 days of listing. The median time on market is 92 days. Properties are moving at a moderate pace in the current strong buyer's market.
There are currently 197 active listings in Somerset, Kentucky. 39 new listings have hit the market in the last 90 days. The median asking price is $40K.
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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.