40509 Home Values & Market Trends

There are 107 homes currently listed for 40509. 40509 real estate market trends show that home prices range from $142,500 to $2,550,000, and the median sales price in the 40509 zip code is $337,062.12. The total number of properties sold within the past twelve months is 751. In 40509, 17 properties are in foreclosure, 0 are bank owned properties,and 5 are headed for auction.

40509 Real Estate Market Overview

CityMedian Est. Value
Lexington

$ 299,033

$ 163/sqft

Housing Market Summary for 40509

Apr 2023March 2024Change
Median Listing Price$425K$295K-30.59%
Median Sold Price$326K$295K-9.51%
Homes For Sale879610.34%
Homes Sold156334114.10%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 40509

The median list price of a home in Lexington, is $337,062.12. A total of 107 properties are for sale, and the percentage of properties for sale in the zip code is 107.00%. The total count of 40509 properties is 13,957.

Foreclosure
There is 1 cities within 40509; within this cities, the median estimated home value for homes in foreclosure ranges from $1,500,000 in lexington to the lowest value of $37,269 in lexington. Foreclosure homes account for 0.00% of properties in 40509 with lexington containing 91 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.09% of all residential properties in 40509 with lexington containing 68 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 40509; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,500,000 in lexington to the lowest home value of $65,071 in lexington.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 40509 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 40509. There is 1 cities within 40509; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    lexington has 22 auction properties, the highest number of properties going to auction in a single city in the state of 40509. Auction homes and other auction properties account for 0.04% of all properties in 40509. There is 1 cities within 40509; of that cities, the median estimated home value for homes going to auction ranges from $509,022 in lexington to the lowest value of $37,269 in lexington.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.77% of residential properties in 40509 with lexington containing 582 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 40509; homes for sale in that cities, have a range of median values from $2,899,000 in lexington to the lowest value of $20,924 in lexington.
    Sold Homes
    The median value for recently sold homes ranges from $2,646,540 in lexington to the lowest price of $24,307 in lexington. There is 1 cities within 40509. lexington has 1949 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.29% of properties in 40509.

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      Guide for 40509

      Market Reports
      Lexington Real Estate Market Witnesses Steady Upward Trend; Property Values and Sale Prices Rise in 2023-2024
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      Market Reports
      Augusta, ME Property Values Soar to $342K Amid Dipping Sales Volume
      See More Articles
      Lexington Real Estate Market Witnesses Steady Upward Trend; Property Values and Sale Prices Rise in 2023-2024
      Market Reports|posted 20 March 2024

      This blog post analyzes the rising trends in the Lexington, KY real estate market from March 2023 to February 2024, and compares them with surrounding cities.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.

      Augusta, ME Property Values Soar to $342K Amid Dipping Sales Volume
      Market Reports|posted 24 April 2024

      The Augusta, Maine real estate market has seen considerable growth in property values and price per square foot, despite a decrease in sales. Comparisons with neighboring cities suggest diverse market conditions.