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Featured local agent — Lexington-Fayette, KY
Sarah Mitchell
Compass Real Estate · Lexington-Fayette, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lexington-Fayette, KY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$350,000median sale price
How is the Lexington-Fayette, KY housing market right now?
The median home sale price in Lexington-Fayette, KY is $350,000, up 1.4% year-over-year. Homes sell in an average of 35 days with 685 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-Fayette a buyer's or seller's market?
Lexington-Fayette, KY is currently a seller's market, based on 1.7 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
393
Last 12 weeks
Days on market
35
Average pace
Active listings
685
1.7 months supply
Sale-to-list
99.1%
Below asking
What does the Lexington-Fayette housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $350,000 |
| Median list price | $383,700 |
| Year-over-year price change | +1.4% |
| Average days on market | 35 days |
| Active inventory | 685 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $198/sq ft |
| Homes sold (latest month) | 393 |
| New listings (latest month) | 440 |
| Listings with a price cut | 32.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lexington-Fayette by property type?
How the Lexington-Fayette, KY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $365,000 | $198/sq ft | 327 | 35 days |
| Condo / Co-op | $271,000 | $218/sq ft | 31 | 33 days |
| Townhouse | $255,000 | $190/sq ft | 33 | 29 days |
Source: Redfin · Updated monthly
The Lexington-Fayette housing market is currently classified as a seller's market with a median sale price of $350,000. Prices have risen 1.4% compared to last year, with homes spending an average of 35 days on market, indicating 1.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Lexington-Fayette
There are currently 685 homes listed for sale in Lexington-Fayette, Kentucky. The median listing price is $384K.
Active listings
685
Homes on market
Median list price
$384K
Avg. days on market
35
Days until sale
New this week
440
Newly listed
Who lives in Lexington-Fayette?
Population
321,122
Median income
$67,631/yr
Median age
35.2 years
Owner-occupied
53.6%
College grads
47.3%
Avg commute
20.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Lexington-Fayette?
Lexington-Fayette is a community of approximately 321K residents with a median age of 35.2 years.The median household income is $67,631, which represents a working-class community with solid middle-income opportunities. 47.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 53.6%, showing a blend of owner and renter-occupied properties. The average commute time is 20.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lexington-Fayette offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Lexington-Fayette, KY?
Want a head-to-head view? Compare Lexington-Fayette 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-Fayette?
The median home sale price in Lexington-Fayette is $350,000, up 1.4% from last year.
How long do homes stay on market in Lexington-Fayette?
Homes typically spend 35 days on market before going under contract.
What is the median income in Lexington-Fayette?
The median household income is $67,631 per year.
Is Lexington-Fayette a buyer's or seller's market?
With 1.7 months of supply, Lexington-Fayette is currently a seller's market.
What is the median condo price in Lexington-Fayette?
The median condo/co-op sale price in Lexington-Fayette, KY is $271,000, compared to $365,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lexington-Fayette?
The median single-family home price in Lexington-Fayette, KY is $365,000 (about $198 per square foot).
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