Waynesburg, KY 40489 Real Estate Market Report

ZIP Code: 40489
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Waynesburg, KY is $140,000, reflecting stable market conditions. The market has shown a flat price trend, indicating that prices have not significantly changed over the past year. This stability in pricing, combined with a neutral market temperature, suggests that buyers and sellers are finding common ground, although the overall transaction volume remains moderate.

Current market dynamics reveal elevated inventory levels, which may indicate excess supply relative to sales activity. Properties are taking longer to sell, contributing to a slower sales velocity. Additionally, elevated interest rate pressure is impacting affordability, which could further influence buyer behavior and market activity in the near future.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. $140,000 is the median sold price, indicating stable pricing in the market.

2. The market temperature is neutral, suggesting balanced conditions between buyers and sellers.

3. There are elevated inventory levels, indicating excess supply relative to sales activity.

4. Properties are experiencing longer days on market, contributing to a slower sales velocity.

5. The rent year-over-year trend is down, reflecting potential challenges in rental demand.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.