$49,900
419 Boone St
Berea, KY
3 bd1 ba1,200 sqft$42/ft²
House8,712 sqft lot
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Sarah Mitchell
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Compass Real Estate · Berea, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Berea, KY(512) 555-0184TX License #0512847
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5.0 · 47 reviews
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Berea, KY Housing Market & Real Estate
Balanced market-10.9% YoY
Housing market overview · Updated monthly ·
$240,000median sale price
How is the Berea, KY housing market right now?
The median home sale price in Berea, KY is $240,000, down 10.9% year-over-year. Homes sell in an average of 71 days with 85 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Berea a buyer's or seller's market?
Balanced market3.1 months of supply71 avg. days on market
Berea, KY is currently a balanced market, based on 3.1 months of supply and homes selling in about 71 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
71
Average pace
Active listings
85
3.1 months supply
Sale-to-list
97.4%
Below asking
What does the Berea housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $240,000 |
| Median list price | $239,900 |
| Year-over-year price change | -10.9% |
| Average days on market | 71 days |
| Active inventory | 85 listings |
| Months of supply | 3.1 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $154/sq ft |
| Homes sold (latest month) | 27 |
| New listings (latest month) | 24 |
| Listings with a price cut | 36.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Berea by property type?
How the Berea, KY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $245,000 | $165/sq ft | 24 | 66 days |
| Townhouse | $289,900 | $202/sq ft | 1 | 62 days |
Source: Redfin · Updated monthly
The Berea housing market is currently classified as a balanced market with a median sale price of $240,000. Prices have fallen 10.9% compared to last year, with homes spending an average of 71 days on market, indicating 3.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Berea
There are currently 85 homes listed for sale in Berea, Kentucky. The median listing price is $240K. Featured listings range from $49,900 to $496,500.
$275,000
645 King Luke Ct
Berea, KY
3 bd2 ba1,680 sqft$164/ft²
House1.00 acres
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$299,900
450 Wyldwood Way
Berea, KY
3 bd2 ba1,325 sqft$226/ft²
House8,712 sqft lot
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$329,000
118 Salter Rd
Berea, KY
8 bd4 ba3,416 sqft$96/ft²
Multi-family11,326 sqft lot
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$329,000
116 Salter Rd
Berea, KY
8 bd4 ba3,294 sqft$100/ft²
Multi-family10,019 sqft lot
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$347,900
184 Keith Dr
Berea, KY
3 bd2 ba1,994 sqft$174/ft²
House13,939 sqft lot
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$380,000
307 Brookgreen Dr
Berea, KY
4 bd3 ba2,695 sqft$141/ft²
House29,185 sqft lot
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$389,000
168 Central Park Ave
Berea, KY
3 bd2 ba1,801 sqft$216/ft²
House15,246 sqft lot
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$409,900
177 Central Park Ave
Berea, KY
4 bd2 ba1,806 sqft$227/ft²
House14,375 sqft lot
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$419,000
123 Dreyfus Rd
Berea, KY
3 bd2 ba2,316 sqft$181/ft²
House1.00 acres
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$439,900
122 Saddle Brook Cir
Berea, KY
4 bd3 ba2,882 sqft$153/ft²
House1.00 acres
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$496,500
106 Churchill Dr
Berea, KY
4 bd3 ba3,991 sqft$124/ft²
House30,492 sqft lot
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Looking to buy in Berea?
Get connected with a local real estate expert — free, no obligation.
Active listings
85
Homes on market
Median list price
$240K
Avg. days on market
71
Days until sale
New this week
24
Newly listed
Price drops:36.5%of listings
Sale-to-list:97.4%
Who lives in Berea?
Population
15,557
Median income
$56,484/yr
Median age
34.1 years
Owner-occupied
57.3%
College grads
27.0%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Berea?
Zillow home value
$251,321
Zillow rent index
$1,084/mo
Price-to-rent ratio
19.3x
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Berea?
Berea is a community of approximately 16K residents with a median age of 34.1 years.The median household income is $56,484, which represents a working-class community with solid middle-income opportunities. 27.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.3%, showing a blend of owner and renter-occupied properties. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Berea offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Berea?
10 schools tracked · 4,686 students
The largest public schools serving Berea, KY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Madison Southern High School
Grades 9-12 · 1,230 students
Kingston Elementary School
Grades PK-5 · 609 students
Shannon Johnson Elementary School
Grades PK-5 · 493 students
Silver Creek Elementary School
Grades PK-5 · 474 students
Berea Community Elementary School
Grades PK-5 · 467 students
Farristown Middle School
Grades 6-8 · 446 students
Foley Middle School
Grades 6-8 · 429 students
Berea Community High School
Grades 9-12 · 328 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Berea, KY?
Want a head-to-head view? Compare Berea side-by-side with any other U.S. city using our market-comparison tool.
Is Berea a good real estate investment market?
For investors evaluating Berea, the price-to-rent ratio of 19.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 10.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Berea's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Berea's median home price.
Frequently asked questions
What is the average home price in Berea?
The median home sale price in Berea is $240,000, down 10.9% from last year.
How long do homes stay on market in Berea?
Homes typically spend 71 days on market before going under contract.
What is the median income in Berea?
The median household income is $56,484 per year.
Is Berea a buyer's or seller's market?
With 3.1 months of supply, Berea is currently a balanced market.
How many homes are for sale in Berea?
There are currently 85 homes listed for sale in Berea, KY.
What is the Zillow home value estimate for Berea?
The Zillow Home Value Index (ZHVI) for Berea is $251,321, representing the typical home value in the area.
How much does a single-family home cost in Berea?
The median single-family home price in Berea, KY is $245,000 (about $165 per square foot).
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