$215,000
480 Wanstead Way
Lexington, KY
3 bd2 ba1,000 sqft$215/ft²
House7,187 sqft lot
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Sarah Mitchell
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Compass Real Estate · Lexington, KY
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Lexington, KY(512) 555-0184TX License #0512847
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Lexington, KY Housing Market
Seller's market+1.9% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Lexington, KY is worth $333,115, rose 1.9% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $350,000, +1.4% year over year (through May 2026). With 1.7 months of supply and homes going under contract in about 35 days, Lexington is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $333,115 home is about $1,778/mo in principal and interest.
Key numbers for Lexington, KY
Typical home value
$333,115
+1.9% in 12 months
Zillow, August 2026
Typical asking rent
$1,553/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$350,000
+1.4% year over year
Redfin, through May 2026
Days on market
35
Average pace
Redfin, through May 2026
Active listings
685
1.7 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
99.1%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lexington a buyer's or seller's market?
Seller's market1.7 months of supply35 days on market99.1% of asking
Lexington, KY is a seller's market, based on 1.7 months of supply and homes selling in about 35 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lexington housing market data show?
Every row below is Redfin's final published month for Lexington, KY. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $350,000 |
| Median list price | $383,700 |
| Year-over-year price change | +1.4% |
| Median price per sq ft | $198/sq ft |
| Median days on market | 35 days |
| Active inventory | 685 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.1% |
| Homes sold (that month) | 394 |
| New listings (that month) | 440 |
| Listings with a price cut | 32.1% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lexington is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lexington is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lexington home prices moved?
Over the last three years the median sale price in Lexington, KY rose 11.1%, from $315,000 to $350,000. The live Zillow value series has rose 1.9% in the last 12 months, which is the more current read now that Redfin's series has stopped. 32.1% of Lexington listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.7 months while the sale-to-list ratio slips below its current 99.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lexington?
Priced off the typical home value of $333,115 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $66,623 | $266,492 | $1,778/mo |
| 5% | $16,656 | $316,459 | $2,112/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,778, that implies roughly $76,215 a year before you add taxes and insurance. We do not hold a Census income figure for Lexington, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lexington in the next 12 months?
Tell us your timeline. We send the Lexington market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lexington?
Typical asking rent in Lexington, KY is $1,553/mo, against a typical home value of $333,115. That is a price-to-rent ratio of 17.9x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,778 a month — $226 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Lexington?
Active listings in Lexington, KY went from 788 in May 2025 to 685 in May 2026, a -13.1% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 799 | 437 |
| July 2025 | 836 | 449 |
| August 2025 | 843 | 400 |
| September 2025 | 875 | 407 |
| October 2025 | 929 | 393 |
| November 2025 | 877 | 279 |
| December 2025 | 731 | 203 |
| January 2026 | 695 | 258 |
| February 2026 | 651 | 254 |
| March 2026 | 688 | 435 |
| April 2026 | 679 | 466 |
| May 2026 | 685 | 440 |
Redfin, through May 2026
How does Lexington compare to Kentucky and the U.S.?
Lexington homes sell for $350,000 — 23% above the Kentucky median of $284,400. Against the national median of $410,700, Lexington runs 15% lower. Year-over-year, Lexington moved +1.4% against Kentucky's +2.3% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lexington, KY | $350,000 | +1.4% | 35 days |
| Kentucky statewide | $284,400 | +2.3% | 45 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lexington
What buyers should watch
- Months of supply, currently 1.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 32.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $333 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $333,115 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lexington listing goes under contract in 35 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Lexington added 440 new listings against 394 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.9% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Lexington varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lexington
There are currently 685 homes listed for sale in Lexington, Kentucky. The median listing price is $384K. Featured listings range from $215,000 to $749,900.
$279,900
596 Bishop Dr
Lexington, KY
3 bd3 ba2,450 sqft$114/ft²
House7,536 sqft lot
View photos & details
$285,000
2776 Trailwood Ln
Lexington, KY
3 bd2 ba1,242 sqft$229/ft²
House4,404 sqft lot
View photos & details
$285,000
2775 Trailwood Ln
Lexington, KY
3 bd2 ba1,242 sqft$229/ft²
House4,400 sqft lot
View photos & details
$294,900
504 Cricklewood Dr
Lexington, KY
3 bd2 ba1,773 sqft$166/ft²
House7,797 sqft lot
View photos & details
$299,000
1312 Gray Hawk Rd Apt C
Lexington, KY
2 bd2 ba1,364 sqft$219/ft²
Condo
View photos & details
$325,000
1925 Sandersville Rd
Lexington, KY
3 bd3 ba2,082 sqft$156/ft²
House7,971 sqft lot
View photos & details
$365,000
3836 Hapgood Ln
Lexington, KY
3 bd3 ba2,853 sqft$128/ft²
House13,329 sqft lot
View photos & details
$435,000
3748 Dunswood Pl
Lexington, KY
4 bd3 ba2,321 sqft$187/ft²
House13,112 sqft lot
View photos & details
$438,000
1787 Sandhurst Cv
Lexington, KY
4 bd3 ba2,127 sqft$206/ft²
House6,098 sqft lot
View photos & details
$598,000
3104 Dunhill Ct
Lexington, KY
5 bd4 ba4,098 sqft$146/ft²
House7,884 sqft lot
View photos & details
$749,900
2428 Astarita Way
Lexington, KY
4 bd5 ba5,031 sqft$149/ft²
House8,233 sqft lot
View photos & details
Looking to buy in Lexington?
Get connected with a local real estate expert — free, no obligation.
Active listings
685
Homes on market
Median list price
$384K
Avg. days on market
35
Days until sale
New this week
440
Newly listed
Price drops:32.1%of listings
Sale-to-list:99.1%
How much do homes cost in Lexington by property type?
How the Lexington, KY market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $365,000 | $198/sq ft | 328 | 35 days |
| Condo / co-op | $271,000 | $218/sq ft | 31 | 33 days |
| Townhouse | $255,000 | $190/sq ft | 33 | 29 days |
Which public schools serve Lexington?
50 schools tracked · 38,353 students
The largest public schools serving Lexington, KY 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.
Lafayette High School
Grades 9-12 · 2,373 students
Bryan Station High School
Grades 9-12 · 2,025 students
Henry Clay High School
Grades 9-12 · 1,990 students
Paul Laurence Dunbar High School
Grades 9-12 · 1,889 students
Tates Creek High School
Grades 9-12 · 1,733 students
Frederick Douglass High School
Grades 9-12 · 1,719 students
Edythe Jones Hayes Middle School
Grades 6-8 · 1,070 students
Jessie M Clark Middle School
Grades 6-8 · 985 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, KY?
Ordered by distance from Lexington, not by size. Compare Lexington side by side with any of them.
Lexington housing market FAQ
Is Lexington a buyer's or seller's market?
Lexington, KY is currently a seller's market. That read comes from 1.7 months of supply, homes going under contract in about 35 days, and sellers getting 99.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lexington?
The typical home in Lexington, KY is worth $333,115 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $350,000, about $198 per square foot.
Is Lexington cheaper than the rest of Kentucky?
Lexington's median sale price of $350,000 is 23% higher than the Kentucky statewide median of $284,400, and 15% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lexington?
Homes in Lexington, KY spent a median of 35 days on market before going under contract, versus 45 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Lexington?
At the current 30-year fixed rate of 7.03%, 20% down on a $333,115 home is about $1,778 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $76,215 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Lexington?
The typical home value in Lexington, KY rose 1.9% over the last 12 months, from $326,824 to $333,115 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lexington?
Lexington ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lexington?
That depends on your timeline, not on a headline. What the data says today: Lexington, KY is a seller's market with 1.7 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 17.9x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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