Lexington, KY Home Values & Market Trends
Real estate market trends reflect that there have been 4,521 transactions over the past year in Lexington. The median value for residential home transactions that occurred over the previous year is $263,297.93. The number of current listings in Lexington is 582, and the percentage of properties for sale in the city is 582.00%. Lexington, KY currently has 91 properties in foreclosure, 1 bank owned properties, 22 properties headed for auction, and 582 properties for sale.
Lexington, KY Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 40509 | $ 407,500 $ 162/sqft | 40514 | $ 302,250 $ 165/sqft |
| 40515 | $ 354,218 $ 161/sqft | 40504 | $ 241,759 $ 145/sqft |
| 40502 | $ 513,210 $ 191/sqft | 40507 | $ 338,876 $ 319/sqft |
| 40511 | $ 284,659 $ 169/sqft | 40516 | $ 233,155 $ 162/sqft |
| 40508 | $ 147,614 $ 114/sqft | 40536 | $ -- $ -- |
| 40505 | $ 191,634 $ 146/sqft | 40526 | $ -- $ -- |
| 40503 | $ 299,265 $ 186/sqft | 40506 | $ -- $ -- |
| 40517 | $ 241,744 $ 138/sqft | 40510 | $ -- $ -- |
| 40513 | $ 550,388 $ 160/sqft |
Housing Market Summary for Lexington, KY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $320.6K | $273.1K | -14.84% |
| Median Sold Price | $258.6K | $273.1K | 5.57% |
| Homes For Sale | 515 | 521 | 1.17% |
| Homes Sold | 1,048 | 2,000 | 90.84% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Lexington, KY
Browse Homes in Lexington, KY
Lexington home values range from $19,530 to $34,538,508. The median estimated value of a home in Lexington is $263,297.93. The median list price of a home is 349,900, and the total count of properties in the city is 98,880.
- Pre-ForeclosurePre-foreclosure homes account for 0.07% of all residential properties in Lexington, KY with 40509 containing 12 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 17 zips within Lexington, KY; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,500,000 in 40516 to the lowest home value of $65,071 in 40504.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lexington, KY ranges from the highest value of $71,100 in 40508 to the lowest value of $71,100 in 40508. Bank owned homes and properties account for 0.00% of properties in Lexington, KY. There are 17 zips within Lexington, KY; 40508 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions40509 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Lexington, KY. Auction homes and other auction properties account for 0.02% of all properties in Lexington, KY. There are 17 zips within Lexington, KY; of those zips, the median estimated home value for homes going to auction ranges from $509,022 in 40513 to the lowest value of $37,269 in 40513.
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Guide for Lexington, KY
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.
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