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Featured local agent — Madisonville, KY
Sarah Mitchell
Compass Real Estate · Madisonville, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Madisonville, KY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$163,500median sale price
How is the Madisonville, KY housing market right now?
The median home sale price in Madisonville, KY is $163,500, down 3.3% year-over-year. Homes sell in an average of 52 days with 63 active listings. The market is currently a leaning buyer's. (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 Madisonville a buyer's or seller's market?
Madisonville, KY is currently a leaning buyer's, based on 3.2 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
52
Average pace
Active listings
63
3.2 months supply
Sale-to-list
95.4%
Below asking
What does the Madisonville housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $163,500 |
| Median list price | $194,900 |
| Year-over-year price change | -3.3% |
| Average days on market | 52 days |
| Active inventory | 63 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 95.4% |
| Median price per sq ft | $129/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 21 |
| Listings with a price cut | 30.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Madisonville by property type?
How the Madisonville, 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 | $163,500 | $129/sq ft | 20 | 52 days |
| Condo / Co-op | $235,500 | $196/sq ft | 1 | 1 days |
Source: Redfin · Updated monthly
The Madisonville housing market is currently classified as a leaning buyer's with a median sale price of $163,500. Prices have fallen 3.3% compared to last year, with homes spending an average of 52 days on market, indicating 3.2 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 2.8x provides context for how home values compare to local earning capacity.
Homes for sale in Madisonville
There are currently 63 homes listed for sale in Madisonville, Kentucky. The median listing price is $195K.
Active listings
63
Homes on market
Median list price
$195K
Avg. days on market
52
Days until sale
New this week
21
Newly listed
Who lives in Madisonville?
Population
19,442
Median income
$56,902/yr
Median age
37.4 years
Owner-occupied
65.1%
College grads
22.3%
Avg commute
19.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Madisonville?
Zillow home value
$156,799
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in Madisonville?
Madisonville is a community of approximately 19K residents with a median age of 37.4 years.The median household income is $56,902, which represents a working-class community with solid middle-income opportunities. 22.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Madisonville offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Madisonville?
14 schools tracked · 4,593 students
The largest public schools serving Madisonville, 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.
Madisonville North Hopkins High School
Grades 9-12 · 1,076 students
Hopkins County Central High School
Grades 9-12 · 868 students
James Madison Middle School
Grades 6-8 · 483 students
Jesse Stuart Elementary School
Grades PK-5 · 477 students
Browning Springs Middle School
Grades 6-8 · 462 students
West Broadway Elementary School
Grades PK-5 · 460 students
Pride Elementary School
Grades PK-5 · 379 students
Grapevine Elementary School
Grades PK-5 · 313 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 Madisonville, KY?
Want a head-to-head view? Compare Madisonville side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Madisonville?
The median home sale price in Madisonville is $163,500, down 3.3% from last year.
How long do homes stay on market in Madisonville?
Homes typically spend 52 days on market before going under contract.
What is the median income in Madisonville?
The median household income is $56,902 per year.
Is Madisonville a buyer's or seller's market?
With 3.2 months of supply, Madisonville is currently a leaning buyer's.
What is the Zillow home value estimate for Madisonville?
The Zillow Home Value Index (ZHVI) for Madisonville is $156,799, representing the typical home value in the area.
What is the median condo price in Madisonville?
The median condo/co-op sale price in Madisonville, KY is $235,500, compared to $163,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Madisonville?
The median single-family home price in Madisonville, KY is $163,500 (about $129 per square foot).
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