Fayette County, KY Home Values & Market Trends

The median home price in Fayette County, KY is $263,248.2. There were 4,493 home sales in Fayette County, KY over the past 12 months. The median residential Fayette County, KY home value for transactions over the previous year is $273,101.117. The number of current listings in Fayette County, KY is 544, and the percentage of properties for sale is 544.00%. The county has 78 foreclosures, 1 bank owned properties, 22 headed for auction, and 544 properties for sale.

Fayette County, KY Real Estate Market Overview

CityMedian Est. Value
Lexington

$ 303,250

$ 170/sqft

Housing Market Summary for Fayette County, KY

Apr 2023March 2024Change
Median Listing Price$321.9K$272.4K-15.38%
Median Sold Price$258.8K$272.4K5.28%
Homes For Sale5135211.56%
Homes Sold1,0461,99991.11%
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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 Fayette County, KY

Fayette County, KY home values range from $19,530 to $34,538,508. Lexington is the priciest city with a median listing home price of $330,000, and Lexington is most affordable with average house prices of around $330,000.

Foreclosure
There is 1 cities within Fayette County, KY; 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 Fayette County, KY with Lexington containing 78 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.06% of all residential properties in Fayette County, KY with Lexington containing 55 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within Fayette County, KY; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,500,000 in Lexington to the lowest home value of $101,294 in Lexington.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Fayette County, KY ranges from the highest value of $71,100 in Lexington to the lowest value of $71,100 in Lexington. Bank owned homes and properties account for 0.00% of properties in Fayette County, KY. There is 1 cities within Fayette County, KY; Lexington containing 1 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 Fayette County, KY. Auction homes and other auction properties account for 0.02% of all properties in Fayette County, KY. There is 1 cities within Fayette County, KY; 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 0.55% of residential properties in Fayette County, KY with Lexington containing 544 homes for sale, the highest number of listed properties in a single city. There is 1 cities within Fayette County, KY; homes for sale in that cities, have a range of median values from $3,264,100 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 Fayette County, KY. Lexington has 2054 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.09% of properties in Fayette County, KY.

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      Guide for Fayette County, KY

      Market Reports
      Lexington Real Estate Market Witnesses Steady Upward Trend; Property Values and Sale Prices Rise in 2023-2024
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      Home Buying Financing
      What To Consider Before Renting a RTO Home
      Market Reports
      Charleston Real Estate Market Stabilizes in March 2024 Amid Fluctuations
      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.

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      What To Consider Before Renting a RTO Home
      Home Buying Financing|posted 5 April 2024

      RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.

      Charleston Real Estate Market Stabilizes in March 2024 Amid Fluctuations
      Market Reports|posted 4 April 2024

      The Charleston real estate market has displayed notable fluctuations in property values, with trends for sales volume, square foot costs, and average sale price showing a general upward trajectory.