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Featured local agent — Lexington, IL
Sarah Mitchell
Compass Real Estate · Lexington, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lexington, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$255,000median sale price
How is the Lexington, IL housing market right now?
The median home sale price in Lexington, IL is $255,000, up 86.8% year-over-year. Homes sell in an average of 43 days with 1 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lexington a buyer's or seller's market?
Lexington, IL is currently a seller's market, based on 0.3 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
43
Average pace
Active listings
1
0.3 months supply
Sale-to-list
99.0%
Below asking
What does the Lexington housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $255,000 |
| Median list price | $525,000 |
| Year-over-year price change | +86.8% |
| Average days on market | 43 days |
| Active inventory | 1 listings |
| Months of supply | 0.3 months |
| Sale-to-list price ratio | 99.0% |
| Median price per sq ft | $203/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lexington by property type?
How the Lexington, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $258,750 | $177/sq ft | 2 | 41 days |
| Condo / Co-op | $141,000 | $103/sq ft | 1 | 2 days |
| Townhouse | $255,000 | $213/sq ft | 1 | 258 days |
Source: Redfin · Updated monthly
The Lexington housing market is currently classified as a seller's market with a median sale price of $255,000. Prices have risen 86.8% compared to last year, with homes spending an average of 43 days on market, indicating 0.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.4x provides context for how home values compare to local earning capacity.
Homes for sale in Lexington
There are currently 1 homes listed for sale in Lexington, Illinois. The median listing price is $525K.
Active listings
1
Homes on market
Median list price
$525K
Avg. days on market
43
Days until sale
New this week
1
Newly listed
Who lives in Lexington?
Population
2,074
Median income
$98,676/yr
Median age
43.1 years
Owner-occupied
88.6%
College grads
32.6%
Avg commute
29.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Lexington?
Zillow home value
$239,462
Price-to-income
2.4x
Source: Zillow Research
What is it like to live in Lexington?
Lexington is a community of approximately 2K residents with a median age of 43.1 years.The median household income is $98,676, which reflects a relatively affluent area with strong earning potential. 32.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 88.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lexington offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lexington?
3 schools tracked · 486 students
The largest public schools serving Lexington, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lexington Elem School
Grades PK-5 · 215 students
Lexington High School
Grades 9-12 · 161 students
Lexington Jr High School
Grades 6-8 · 110 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lexington, IL?
Want a head-to-head view? Compare Lexington side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lexington?
The median home sale price in Lexington is $255,000, up 86.8% from last year.
How long do homes stay on market in Lexington?
Homes typically spend 43 days on market before going under contract.
What is the median income in Lexington?
The median household income is $98,676 per year.
Is Lexington a buyer's or seller's market?
With 0.3 months of supply, Lexington is currently a seller's market.
What is the Zillow home value estimate for Lexington?
The Zillow Home Value Index (ZHVI) for Lexington is $239,462, representing the typical home value in the area.
What is the median condo price in Lexington?
The median condo/co-op sale price in Lexington, IL is $141,000, compared to $258,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lexington?
The median single-family home price in Lexington, IL is $258,750 (about $177 per square foot).
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