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MELBOURNE, KY 41059

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The MELBOURNE, KY real estate market (41059) currently shows 6 active listings, with 4 pending sales. Homes are averaging 201 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 201 days on market compared to 12 days last year.

The median listing price has fallen 23% year-over-year, from $499,900 to $384,975.

Whether you are buying or selling in MELBOURNE, KY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,183  ·  Density: 80.0/mi²  ·  Median household income: $54,412

Typical home value: $191,451  ·  Homeownership: 83.9%

Market Overview

Active Listings
6
⇧ 500% vs 1 last year
Pending
4
67% pending ratio
Median Price
$384,975
⇩ 23% vs $499,900 last year
Average Price
$408,292
⇩ 18.3% vs $499,900 last year
Days on Market
201
⇧ 1575% vs 12 days last year

Price Per Square Foot

Median $/sqft
$253
⇩ 15.1% vs $298/sqft last year
Median Home Size
1,533 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 1 last year
  • Days on market: 201 now vs 12 last year

Median & Average Pricing

Year over Year
  • Median: $384,975 (-23% YoY)
  • Average: $408,292 (-18.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.0 miles — 608 listings ($284,232,442 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
41059Melbourne, KY 410590.0 mi5$2,099,750$419,950$419,950
45255Cincinnati, OH 452553.9 mi48$20,448,432$350,000$426,009
45230Cincinnati, OH 452305.2 mi67$32,659,619$319,950$487,457
41001Alexandria, KY 410016.8 mi53$18,303,444$335,000$345,348
41075Fort Thomas, KY 410757.4 mi36$19,622,412$350,000$545,067
45102Amelia, OH 451027.9 mi66$24,571,998$373,500$372,303
41007California, KY 410078.1 mi3$1,359,675$476,950$453,225
41071Newport, KY 410718.4 mi122$60,458,198$299,000$495,559
41074Dayton, KY 410749.3 mi32$13,679,616$299,900$427,488
45208Cincinnati, OH 4520810.0 mi51$34,169,643$499,000$669,993
41011Covington, KY 4101110.5 mi79$38,586,760$345,000$488,440
45174Terrace Park, OH 4517410.9 mi1$449,925$449,925$449,925
45206Cincinnati, OH 4520611.0 mi45$17,822,970$309,450$396,066

Frequently Asked Questions

How many homes are for sale in MELBOURNE, KY 41059?

As of February 2026, there are 6 active listings in MELBOURNE, KY (zip code 41059), compared to 1 the prior year.

What is the median home price in MELBOURNE, KY 41059?

The median listing price in MELBOURNE, KY 41059 is $384,975 as of February 2026, a 23% decrease from $499,900 the prior year.

How long do homes stay on the market in MELBOURNE, KY?

Homes in MELBOURNE, KY 41059 spend an average of 201 days on the market before going under contract, compared to 12 days the prior year.

Is it a seller's or buyer's market in MELBOURNE, KY 41059?

Based on current inventory and days-on-market data as of February 2026, MELBOURNE, KY 41059 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 201 days on market compared to 12 days last year.

How much can I save on real estate commission in MELBOURNE, KY?

With SELL123.com's maximum 3% commission, sellers in MELBOURNE, KY 41059 save an estimated $7,700 compared to a typical 5% commission on the median listing price of $384,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.