How is the Madison County, KY real estate market this week (Sept 14–20, 2026)?
In Madison County, KY the week of September 14–20, 2026, 26 homes sold at a median price of $342,500, averaging 44 days on market and 94.8% of original list price. Six listings came off the market — but none expired or were withdrawn. All six were cancellations and four were relisted within days, so only two homes truly left the market.
By Devin Todd Azbill, REALTOR® | September 21, 2026
Every Monday I pull every status change in the Madison County MLS and read it three ways — all homes, resale only, and new construction — so the number you hear actually means something. Here’s the week of September 14th. (Numbers captured mid-day Sunday, Sept 20; a few weekend changes may still post.)
This week’s numbers
| Metric | Madison County |
|---|---|
| New listings | 42 |
| Homes sold | 26 |
| Median sold price | $342,500 |
| Average days on market | 44 |
| Sold-to-original list price | 94.8% |
The story this week: “off market” doesn’t mean what it looks like
Six homes came off the market in Madison County this week. On its face, that reads like buyers pulling back. But when you separate how they came off, the picture flips completely. Zero of them expired. Zero were withdrawn. All six were cancellations — and four of those six were relisted within days, at the same price or a little lower.
A cancellation followed by an immediate relist isn’t a home failing to sell. It’s a seller or a builder resetting the price or the days-on-market counter and coming right back. Once you strip out that churn, the number of homes that actually left the market and stayed gone this week is two: an entry-level home in Berea and a high-end new-construction home in Richmond.
The cheap one and the expensive one both stalled while the middle of the market kept moving — a very different, and much healthier, story than “six homes gave up.” This is exactly the kind of distinction I walk my clients through before we ever set a price.
Richmond vs. Berea
| Metric | Richmond | Berea |
|---|---|---|
| Homes sold | 20 | 5 |
| Median sold price | $370,000 | $253,500 |
| Median $/sqft | $201 | $162 |
| Median days on market | 35 | 2 |
| Sold-to-original list | 95.2% | 99.97% |
Berea was the speed story: five homes closed at a median of just two days on market, for essentially their full original asking price. Richmond carries the higher price tag and moves a little slower, but it’s also where the newcomers are landing — 25% of Richmond’s buyers came from outside the county, and 25% were first-time buyers.
What’s notable in the closed data
Cash made up 19% of closings countywide, with conventional financing at 54%, FHA at 15%, and VA at 12%. Out-of-county buyers were 19% of the market and first-time buyers 23% — both concentrated in Richmond. Nearly one in four sales included seller-paid closing costs, a sign buyers still have some negotiating room even as well-priced homes move fast.
New construction vs. resale — don’t blend them
New-construction homes closed at a median of $224 per square foot; resale homes at $166. If you’re selling an existing home, the number that matters to you is the resale figure — the blended county median is propped up by builder spec homes that price and sell differently. Builders held their price and took a median 67 days, while resale homes moved in a median 18 days. Your specific number depends on your home’s condition, location, and timing, and that’s where a local market analysis comes in.
Listings that came off the market
To be precise about the six cancellations: four relisted quickly — 117 Fireside Drive in Richmond (relisted $16K lower), 136 E Broadway in Richmond (relisted $11K lower), 518 Baker Court in Richmond (relisted $1,500 lower), and 1220 Kenzie Court in Berea (relisted at the same price). The two that came off and stayed off were 147 Mary Street in Berea and 229 Brandenburg Way in Richmond. No homes expired and none were withdrawn this week.
The takeaway
Don’t let a raw “six off market” headline scare you. This week the market didn’t soften — it recycled. Well-priced homes, especially in Berea, are still selling in days at nearly full price, and the only listings that truly stalled were at the very bottom and very top of the price range. If you’re pricing a home right now, price it to the resale comps in your city, not to the blended county average, and it will move.
Frequently Asked Questions
What is the median home price in Madison County, KY right now?
The median sold price for the week of September 14–20, 2026 was $342,500 across 26 closed sales, with Richmond at $370,000 and Berea at $253,500.
How fast are homes selling in Madison County, KY?
Closings averaged 44 days on market countywide, but Berea homes sold in a median of just 2 days and resale homes countywide in a median of 18 days. Well-priced homes are moving quickly.
Are homes selling for asking price in Madison County?
Countywide, sellers received about 94.8% of their original list price. In Berea, sellers received essentially 100% of original list.
Is the Madison County market slowing down?
Not this week. Six listings came off the market, but all were cancellations — none expired or were withdrawn — and four were relisted within days, so only two homes truly left the market.
Let’s talk
Well-priced homes are still selling fast in Richmond and Berea — the key is pricing to your city’s real comps, not a blended average. If you have questions about what’s happening in the Madison County market, I’m always happy to chat. Reach out anytime at toddky.com/contact.
📞 (859) 200-6513
✉️ Devin@ToddKY.com
Source: Flexmls MLS, all Madison County residential status events dated Sept 14–20, 2026 (96 records).
About Devin Todd Azbill, REALTOR®
Devin Todd Azbill is a REALTOR® with Todd & Company (Todd & Company KY LLC), brokered by Berkshire Hathaway HomeServices Foster Realtors, and a lifelong Berea, Kentucky resident. She serves Richmond, Berea, Waco, and all of Madison County, and publishes a data-driven market update every Monday. Whether you’re buying, selling, downsizing, or relocating to Madison County, she brings local expertise and honest, data-driven guidance to every transaction. Reach her at (859) 200-6513 or Devin@ToddKY.com.
