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 $1,800,000, and the median sales price in the 40509 zip code is $325,699.73. The total number of properties sold within the past twelve months is 769. In 40509, 12 properties are in foreclosure, 0 are bank owned properties,and 3 are headed for auction.
40509 Real Estate Market Overview
City | Median Est. Value |
---|---|
Lexington | $ 292,417 $ 160/sqft |
Housing Market Summary for 40509
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $397K | $300.7K | -24.25% |
Median Sold Price | $329.7K | $300.7K | -8.79% |
Homes For Sale | 84 | 86 | 2.38% |
Homes Sold | 224 | 365 | 62.95% |
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 40509
Browse Homes in 40509
The median list price of a home in Lexington, is $325,699.73. 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.
- Pre-ForeclosurePre-foreclosure homes account for 0.06% of all residential properties in 40509 with lexington containing 48 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 $79,169 in lexington.
- Bank OwnedThe 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.
- Auctionslexington has 24 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 0.02% 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 $367,500 in lexington to the lowest value of $36,570 in lexington.
Compare Nearby Zip Codes
More Real Estate Resources for 40509
Guide for 40509
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.
Learn how to secure a house mortgage even with a low credit score.
Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.
What can you do when you want to buy a house when you’re strapped for cash?