40509 Home Values & Market Trends
There are 763 homes currently listed for 40509. 40509 real estate market trends show that home prices range from $75,000 to $2,400,000, and the median sales price in the 40509 zip code is $420,000. The total number of properties sold within the past twelve months is 739. In 40509, 14 properties are in foreclosure, 1 are bank owned properties,and 3 are headed for auction.
40509 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Lexington | $ 346,135 $ 219/sqft |
Housing Market Summary for 40509
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $422K | $432.3K | 2.44% |
| Median Sold Price | $419.4K | $361K | -13.93% |
| Homes For Sale | 437 | 753 | 72.31% |
| Homes Sold | 204 | 152 | -25.49% |
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 $420,000. A total of 763 properties are for sale, and the percentage of properties for sale in the zip code is 763.00%. The total count of 40509 properties is 940.
- Pre-ForeclosurePre-foreclosure homes account for 1.06% of all residential properties in 40509 with lexington containing 106 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 $867,662 in lexington to the lowest home value of $124,254 in lexington.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 40509 ranges from the highest value of $981,832 in lexington to the lowest value of $521,505 in lexington. Bank owned homes and properties account for 0.11% of properties in 40509. There is 1 cities within 40509; lexington containing 2 REO properties, has the highest number of bank owned properties in a single city.
- Auctionslexington has 15 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 0.32% 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 $510,793 in lexington to the lowest value of $131,865 in lexington.
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More Real Estate Resources for 40509
Guide for 40509
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
