Waynesburg, KY 40489 Real Estate Market Report

ZIP Code: 40489
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Waynesburg, KY 40489 market are averaging approximately 6.25%, reflecting the broader volatility observed throughout 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary indicator of market value is the median sold price, $158,000, which represents the most recent representative recent sale and should be the focal point for pricing decisions rather than listing ambitions; with the market temperature shown as neutral, sellers should price close to recent sold comparables to avoid extended marketing time.

2. Pricing context: the median price per square foot is $124, which suggests unit-level pricing is modestly elevated for Waynesburg and should be used to benchmark offer guidance and renovation ROI discussions for SFR and condominium listings.

3. Liquidity and inventory: sample-based supply appears to show relatively constrained active supply versus sales activity in the analyzed sample, indicating balanced to slightly slower sales velocity that may result in longer median days on market and require targeted marketing or modest seller concessions to maintain momentum.

4. Market pressure and rental context: rents are rising with a median market rent of $1,100 and rent year-over-year trend reported as up; however, interest rate pressure is described as elevated with local 30-year fixed rates averaging 6.25%, which may temper buyer purchasing power—investors should weigh rising rents against higher financing costs when underwriting acquisitions.

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Notable Properties

The following 7 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.