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Featured local agent — Spring Mill, KY
Sarah Mitchell
Compass Real Estate · Spring Mill, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spring Mill, KY Housing Market
The last median sale price Redfin published was $410,000, +215.4% year over year (through May 2026). With 0.5 months of supply and homes going under contract in about 30 days, Spring Mill is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $410,000 home is about $2,189/mo in principal and interest.
Key numbers for Spring Mill, KY
Median sale price
$410,000
+215.4% year over year
Redfin, through May 2026
Days on market
30
Average pace
Redfin, through May 2026
Active listings
1
0.5 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$123,750
Home costs 3.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.3%
Selling above asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Spring Mill a buyer's or seller's market?
Spring Mill, KY is a strong seller's market, based on 0.5 months of supply and homes selling in about 30 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Spring Mill housing market data show?
Every row below is Redfin's final published month for Spring Mill, KY. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $410,000 |
| Median list price | $395,000 |
| Year-over-year price change | +215.4% |
| Median price per sq ft | $119/sq ft |
| Median days on market | 30 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 100.3% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Spring Mill is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Spring Mill is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Spring Mill home prices moved?
Across the 25 months we hold for Spring Mill, KY, the median sale price rose 32.3%, from $310,000 in June 2021 to $410,000. For prices to fall meaningfully from here, supply would have to keep building past 0.5 months while the sale-to-list ratio slips below its current 100.3%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Spring Mill?
Priced off the median sale price of $410,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $82,000 | $328,000 | $2,189/mo |
| 5% | $20,500 | $389,500 | $2,599/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,189, that implies roughly $93,806 a year before you add taxes and insurance. The median household in Spring Mill earns $123,750, about $29,944 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.3x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Spring Mill in the next 12 months?
Tell us your timeline. We send the Spring Mill market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Spring Mill?
Zillow does not publish a rent index (ZORI) for Spring Mill, KY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Spring Mill?
Active listings in Spring Mill, KY went from 1 in May 2022 to 1 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| May 2022 | 1 | 1 |
| July 2022 | 1 | 2 |
| May 2025 | 2 | 1 |
| June 2025 | 1 | 1 |
| July 2025 | 1 | not published |
| October 2025 | 2 | 2 |
| December 2025 | 5 | not published |
| February 2026 | 1 | 1 |
| May 2026 | 1 | 1 |
Redfin, through May 2026
How does Spring Mill compare to Kentucky and the U.S.?
Spring Mill homes sell for $410,000 — 44% above the Kentucky median of $284,400. Against the national median of $410,700, Spring Mill runs 0% lower. Year-over-year, Spring Mill moved +215.4% against Kentucky's +2.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Spring Mill, KY | $410,000 | +215.4% | 30 days |
| Kentucky statewide | $284,400 | +2.3% | 45 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Spring Mill
What buyers should watch
- Months of supply, currently 0.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $410 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $410,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Spring Mill listing goes under contract in 30 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.3% of asking. Price at the number you want and let competition do the rest.
- In the last published month Spring Mill added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Spring Mill varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Spring Mill
There are currently 1 homes listed for sale in Spring Mill, Kentucky. The median listing price is $395K.
Active listings
1
Homes on market
Median list price
$395K
Avg. days on market
30
Days until sale
New this week
1
Newly listed
How much do homes cost in Spring Mill by property type?
How the Spring Mill, KY market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $410,000 | $119/sq ft | 2 | 30 days |
Who lives in Spring Mill?
American Community Survey estimates for Spring Mill. U.S. Census ACS, 2023
Population
363
Households
117
Median income
$123,750/yr
Median age
36.1 years
Owner-occupied
99.1%
Median home value
$281,900
Mean commute
25 min
99.1% of occupied homes in Spring Mill are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Spring Mill, KY?
Ordered by distance from Spring Mill, not by size. Compare Spring Mill side by side with any of them.
Spring Mill housing market FAQ
Is Spring Mill a buyer's or seller's market?
Spring Mill, KY is currently a strong seller's market. That read comes from 0.5 months of supply, homes going under contract in about 30 days, and sellers getting 100.3% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Spring Mill?
The median sale price in the last month Redfin published was $410,000, about $119 per square foot.
Is Spring Mill cheaper than the rest of Kentucky?
Spring Mill's median sale price of $410,000 is 44% higher than the Kentucky statewide median of $284,400, and 0% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Spring Mill?
Homes in Spring Mill, KY spent a median of 30 days on market before going under contract, versus 45 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Spring Mill?
At the current 30-year fixed rate of 7.03%, 20% down on a $410,000 home is about $2,189 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $93,806 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $123,750.
Are home prices rising in Spring Mill?
Redfin's last published year-over-year change for Spring Mill, KY was +215.4%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Spring Mill?
Spring Mill ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Spring Mill?
That depends on your timeline, not on a headline. What the data says today: Spring Mill, KY is a strong seller's market with 0.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $410,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.