Lexington, TN Home Values & Market Trends
Real estate market trends reflect that there have been 243 transactions over the past year in Lexington. The median value for residential home transactions that occurred over the previous year is $187,381.91. The number of current listings in Lexington is 32, and the percentage of properties for sale in the city is 32.00%. Lexington, TN currently has 6 properties in foreclosure, 0 bank owned properties, 6 properties headed for auction, and 32 properties for sale.
Lexington, TN Real Estate Market Overview
Zip | Median Est. Value |
---|---|
38351 | $ 284,950 $ 138/sqft |
Housing Market Summary for Lexington, TN
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $304.9K | $205.2K | -32.71% |
Median Sold Price | $153K | $205.2K | 34.09% |
Homes For Sale | 33 | 33 | - |
Homes Sold | 165 | 141 | -14.55% |
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, TN
Browse Homes in Lexington, TN
Lexington home values range from $17,920 to $1,697,878. The median estimated value of a home in Lexington is $187,381.91. The median list price of a home is 299,950, and the total count of properties in the city is 6,514.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Lexington, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Lexington, TN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Lexington, TN 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 Lexington, TN. There is 1 zips within Lexington, TN; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions38351 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Lexington, TN. Auction homes and other auction properties account for 0.09% of all properties in Lexington, TN. There is 1 zips within Lexington, TN; of that zips, the median estimated home value for homes going to auction ranges from $231,886 in 38351 to the lowest value of $87,562 in 38351.
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Guide for Lexington, TN
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.
The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
Tennessee Foreclosure Laws