🏠 Madison County Market Report: Richmond vs. Berea (Early 2026) 🏠If you’ve been watching the headlines, you know the housing market is finding its rhythm! As of early 2026, Madison
Dated: November 26 2025
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By: Alan Hester, J.D./Realtor
If you have been following the Central Kentucky real estate landscape, you know that Jessamine County has evolved into one of the most dynamic markets in the Bluegrass region.
As we close out November 2025, the numbers are telling a fascinating story of growth, high demand, and shifting values. Whether you are looking in the bustling hub of Nicholasville or the scenic charm of Wilmore, the data suggests we are firmly in a Seller’s Market.
Here is my expert breakdown of what is happening right now and what it means for your equity. 📉📈
The county-wide metrics indicate a robust market that continues to appreciate. Despite the seasonal shifts we usually expect in late autumn, buyer demand remains aggressive.
Market Type: Seller's Market
Median Sold Price: $422,500 (An impressive +18.49% increase month-over-month)
Sales-to-List Price Ratio: 98%
Speed of Market: Homes are spending a median of just 25 days in RPR before moving.
💡 The Expert Take: When we see a Sales-to-List ratio of 98% combined with less than 3 months of inventory (currently 2.94 months), it indicates that sellers are getting nearly exactly what they ask for, provided the home is priced correctly. The massive jump in median sold price suggests that higher-end inventory has been moving recently, pulling the average up.
Nicholasville continues to drive the county's volume. The data for October 2025 shows that Nicholasville is not just maintaining value—it is seeing significant appreciation.
Median Sold Price: $422,500 (Up 21.76% month-over-month)
Median Estimated Value: $323,540 (Up 11.2% year-over-year)
Inventory Levels: 2.92 Months
What this means for you: If you bought a home in Nicholasville 12 months ago, you have likely seen a double-digit percentage increase in your home’s estimated value. With a median list price currently sitting around $410,000, the market is stabilizing at a new, higher price tier.
Buyers in Nicholasville need to be decisive. With median days on market at just 24 days, "thinking about it" over the weekend often means losing the house.
Wilmore offers a different pace, but the market economics are even tighter than its larger neighbor. The inventory here is incredibly scarce, creating a competitive environment for buyers seeking that small-town feel.
Market Type: Seller's Market
Median Sold Price: $320,000
Inventory Levels: 2 Months (This is extremely low supply)
Median List Price Surge: We are seeing a current median list price of $739,700.
💡 The Expert Take: Do not let that list price number scare you. While the sold price is hovering in the low $300s, the spike in list price (up 14.7% month-over-month) suggests that some significant acreage properties or luxury historic estates have recently hit the market, skewing the active inventory data. However, with only 2 months of inventory, Wilmore remains a difficult nut to crack for buyers without an experienced agent.
You hold the cards right now. With inventory hovering between 2 and 3 months across the county, you have little competition.
Pricing Strategy: Even though it is a seller's market, the data shows homes are selling at roughly 98% of the list price, not 110%. Overpricing will still result in a stale listing.
Timing: With homes selling in roughly 25 days, you can list now and likely close before the end of the year if you act fast.
Be Prepared: In Nicholasville, you are competing against a median sold price that just jumped over 20%. Ensure your pre-approval is solid and accounts for these new valuations.
Watch for Value: While sold prices are high, the Median Estimated Value in the county is roughly $322,690. This gap between estimated value and sold price suggests buyers are paying a premium for turnkey, move-in-ready homes. Finding a property that needs slight cosmetic work could save you significant capital.
Alan Hester, A Realtor With A Law Degree
As your trusted real estate professional, I bring an uncommon combination of local market knowledge and legal insight to every transaction. Honesty, Integrity, and Trust are at the heart of my people-first philosophy. My commitment goes far beyond listing or showing homes—I pride myself on cutting through bureaucratic red tape, negotiating contracts, and guiding buyers and sellers through every step of the real estate process with clarity and confidence.
Ready to explore the best neighborhoods in Jessamine County, or need expert guidance on your next real estate move?
📞 Call/Text: (859) 363-5501
📧 Email:
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Let's embark on this journey together and turn your real estate dreams into reality!
Disclaimer: This article is based on market data from RPR as of November 26, 2025, and public economic reports. Real estate markets are volatile; please consult with a licensed professional before making investment decisions.
Hello, my name is Alan Hester. I am a Husband, a Father, and a Realtor with a law degree. Honesty, integrity, and trust are at the heart of who I am and my overarching people-first business philosophy....
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