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

ZipMedian Est. Value
38351

$ 284,950

$ 138/sqft

Housing Market Summary for Lexington, TN

Mar 2023February 2024Change
Median Listing Price$304.9K$205.2K-32.71%
Median Sold Price$153K$205.2K34.09%
Homes For Sale3333-
Homes Sold165141-14.55%
Price
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Homes For Sale
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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 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.

Foreclosure
There is 1 zips within Lexington, TN; within this zips, the median estimated home value for homes in foreclosure ranges from $231,886 in 38351 to the lowest value of $87,562 in 38351. Foreclosure homes account for 0.00% of properties in Lexington, TN with 38351 containing 6 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    38351 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.49% of residential properties in Lexington, TN with 38351 containing 32 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Lexington, TN; homes for sale in that zips, have a range of median values from $749,500 in 38351 to the lowest value of $89,900 in 38351.
    Sold Homes
    The median value for recently sold homes ranges from $663,188 in 38351 to the lowest price of $18,230 in 38351. There is 1 zips within Lexington, TN. 38351 has 144 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.21% of properties in Lexington, TN.

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      Guide for Lexington, TN

      Market Reports
      Lexington Real Estate Market Witnesses Steady Upward Trend; Property Values and Sale Prices Rise in 2023-2024
      Market Reports
      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Tennessee
      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Home Buying Guides & Tips
      Tennessee Foreclosure Laws
      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.

      Memphis TN Market Report: Property Values Grow 10% from March 2023 to February 2024
      Market Reports|posted 8 March 2024

      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.

      Surge in Nashville Real Estate: 2023 Sees Stable Growth and Rising Property Values
      Tennessee|posted 23 January 2024

      Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices

      Tennessee Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Tennessee Foreclosure Laws