Sale-to-List Price Ratio in Prospect, KY: How Close to Asking Homes Really Sell
By Spencer Lowe, Real Estate Go To · Licensed Kentucky real estate agent since 2019 · Updated November 4, 2026
Key Takeaway / Quick Answer: In Prospect, KY (ZIP 40059), homes sold for 98.5% of their final list price and 97.4% of their original list price in October 2026, up from 97.3% and 95.7% in October 2025 (GLAR MLS via Flexmls). Over the full 12 months through October 2026, the sales-weighted ratios were about 98.3% and 97.1%.
I'm Spencer Lowe, a Kentucky real estate agent licensed since 2019 with Real Estate Go To, serving Prospect, KY and the Louisville area. Two of the most common questions I hear are "How much under asking can we offer?" and "Will we get our list price?" The sale-to-list price ratio is the number that helps answer both. This post explains what it measures and what it has looked like in ZIP 40059. For more on the area, see my page from Spencer Lowe, Prospect KY real estate agent.
What Is the Sale-to-List Price Ratio?
It's the sold price divided by the list price. A home listed at $700,000 that sells for $686,000 has a ratio of 98%. Above 100% means it sold over asking. Flexmls reports two versions:
- Sale-to-list: compares the sold price with the final list price, after any price changes.
- Sale-to-original-list: compares it with the first list price. This one is lower when homes needed a price change.
What Is the Ratio in Prospect, KY Right Now?
In October 2026, homes in 40059 sold at 98.5% of their final list price and 97.4% of their original list price, according to Flexmls' monthly market statistics. A year earlier, in October 2025, those figures were 97.3% and 95.7%, so for that month both ratios were higher than a year earlier.
Over the 12 months from November 2025 through October 2026, the monthly sale-to-list ratio ranged from 96.6% (February 2026) to 99.5% (September 2026). The sale-to-original-list ratio ranged from 95.4% (February 2026) to 98.6% (September 2026). Weighting each month by its number of sales, the 12-month figures are about 98.3% of final list and 97.1% of original list, compared with about 98.4% and 97.2% for the 12 months before that (my calculation from GLAR MLS monthly statistics).
| Ratio (ZIP 40059) | Oct 2026 | Oct 2025 | 12 months to Oct 2026 | 12 months to Oct 2025 |
|---|---|---|---|---|
| Sale-to-list | 98.5% | 97.3% | 98.3% | 98.4% |
| Sale-to-original-list | 97.4% | 95.7% | 97.1% | 97.2% |
My monthly Prospect, KY housing market update tracks these numbers as they change.
What Does the Gap Between the Two Ratios Tell You?
The difference between the two ratios shows how much of the discount came from list-price changes. When a home's price comes down along the way, the sale-to-original-list ratio drops below the sale-to-list ratio. Over the last 12 months that gap ranged from 0.5 percentage points (April 2026) to 1.8 (March 2026) and was 1.1 in October 2026.
Price changes were common enough to matter. Of the 433 residential homes that sold in 40059 from November 2025 through October 2026, 119 (about 27.5%) had their list price changed at least once. Those homes took far longer to sell, as I show in my post on pricing your Prospect home.
What Kentucky Rules Say About Offers
A ratio isn't a rule of thumb for what to offer. Kentucky's 201 KAR 11:121 requires a licensee representing a client to submit all written offers to lease or purchase without delay. An offer to purchase completed by or at the direction of a licensee must include the purchase price or a valid escalation clause with the maximum purchase price. The regulation has more detail, so ask your agent how it applies to your situation.
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What the Ratio Means for You
If you're buying:
- Don't assume a fixed discount. A ratio is an average of many sales. Your offer should come from comparable sales for that home, not a percentage.
- Look at days on market and price history. A price change can mean the seller is ready to negotiate, or that the first price was too high. My post on days on market in Prospect shows how long homes have been taking.
- Time it. The monthly ratio was lowest in February 2026 and highest in September 2026. My post on the best time to buy a home in Prospect covers the seasonal pattern.
If you're selling:
- Start with the price you can support. Homes that sold in October 2026 averaged 97.4% of their original list price, so the first price matters. My guide on how to sell your home in Prospect, KY covers where pricing fits in the process.
- Expect to negotiate. On average, homes sold under their final asking price.
Sale-to-List Ratio in Prospect, KY at a Glance
| Feature / Metric | Details |
|---|---|
| Location | Prospect, KY (ZIP 40059), residential |
| Sale-to-list, Oct 2026 | 98.5% (GLAR MLS via Flexmls) |
| Sale-to-original-list, Oct 2026 | 97.4% (GLAR MLS via Flexmls) |
| Lowest month, last 12 | February 2026: 96.6% of list; 95.4% of original list |
| Highest month, last 12 | September 2026: 99.5% of list; 98.6% of original list |
| 12-month weighted average | About 98.3% of list; 97.1% of original list (my calculation) |
| Homes with a list-price change | 119 of 433 sales, about 27.5% (my count, Nov 2025 - Oct 2026) |
Frequently Asked Questions About the Sale-to-List Ratio in Prospect, KY
Q: What is the average sale-to-list price ratio in Prospect, KY?
In October 2026, homes in ZIP 40059 sold at 98.5% of their final list price, according to GLAR MLS via Flexmls. Weighting each month by its sales, the 12-month figure through October 2026 was about 98.3%.
Q: How much below asking price do homes sell in Prospect?
On average, a little. In October 2026, homes in 40059 sold for 98.5% of final list price and 97.4% of original list price (GLAR MLS via Flexmls). Individual sales vary, so base an offer on comparable sales for the specific home, not a fixed percentage.
Q: What's the difference between sale-to-list and sale-to-original-list?
Sale-to-list compares the sold price with the final asking price. Sale-to-original-list compares it with the first asking price. In October 2026, Prospect homes sold at 98.5% of final list and 97.4% of original list, per Flexmls.
Q: Is the sale-to-list ratio higher than last year in Prospect?
For the month of October, yes: 98.5% of final list price in 2026 versus 97.3% in 2025, and 97.4% of original list price versus 95.7%. Over the full 12 months, the sales-weighted figures were about unchanged, roughly 98.3% versus 98.4% of final list price (my calculation from GLAR MLS monthly statistics via Flexmls).
Thinking About Buying or Selling in Prospect, KY?
If you'd like to see how close to asking homes like yours, or the one you want, are selling, call or text me, Spencer Lowe, at +1-502-974-0099, or visit spencerlowerealestate.com. I'll pull the recent sales for your price range or subdivision.
Selling? Start with my Don't List Yet seller guide. Buying? Grab my Don't Tour Yet buyer guide before you start touring.
Data sources: GLAR MLS via Flexmls monthly market statistics, residential, ZIP 40059, November 2024 - October 2026, and closed-sale counts for November 2025 - October 2026, pulled November 4, 2026 (12-month averages are my calculation, weighting each month by its number of sales; a list-price change means the MLS shows a previous list price for that listing) - deemed reliable but not guaranteed; 201 KAR 11:121, Kentucky Legislature. Information changes; verify details before making decisions.
Disclaimer: This article is general information, not legal, tax, financial or lending advice. Market data is from the GLAR MLS via Flexmls and the other sources listed above; it is deemed reliable but not guaranteed, and it changes over time. Verify school assignments, property taxes, HOA rules, flood zones and other details with the appropriate office, lender, attorney or tax professional before making decisions.
Spencer Lowe is a real estate agent licensed in Kentucky since 2019 with Real Estate Go To. (502) 974-0099. Equal Housing Opportunity.