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Featured local agent — Lexington, MN
Sarah Mitchell
Compass Real Estate · Lexington, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lexington, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$381,000median sale price
How is the Lexington, MN housing market right now?
The median home sale price in Lexington, MN is $381,000, up 1.6% year-over-year. Homes sell in an average of 4 days with 1 active listings. The market is currently a strong 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, MN is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 4 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
4
Fast-moving
Active listings
1
1.0 months supply
Sale-to-list
104.4%
Above asking
What does the Lexington housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $381,000 |
| Year-over-year price change | +1.6% |
| Average days on market | 4 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 104.4% |
| Median price per sq ft | $256/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lexington by property type?
How the Lexington, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $381,000 | $256/sq ft | 1 | 4 days |
Source: Redfin · Updated monthly
The Lexington housing market is currently classified as a strong seller's market with a median sale price of $381,000. Prices have risen 1.6% compared to last year, with homes spending an average of 4 days on market, indicating 1.0 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 4.5x 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, Minnesota.
Active listings
1
Homes on market
Avg. days on market
4
Days until sale
Who lives in Lexington?
Population
2,616
Median income
$72,955/yr
Median age
38.4 years
Owner-occupied
53.0%
College grads
21.8%
Avg commute
21.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Lexington?
Zillow home value
$329,551
Zillow rent index
$1,623/mo
Price-to-rent ratio
16.9x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Lexington?
Lexington is a community of approximately 3K residents with a median age of 38.4 years.The median household income is $72,955, which represents a working-class community with solid middle-income opportunities. 21.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.0%, showing a blend of owner and renter-occupied properties. The average commute time is 21.9 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 cities are near Lexington, MN?
Want a head-to-head view? Compare Lexington side-by-side with any other U.S. city using our market-comparison tool.
Is Lexington a good real estate investment market?
For investors evaluating Lexington, the price-to-rent ratio of 16.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 1.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lexington's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lexington's median home price.
Frequently asked questions
What is the average home price in Lexington?
The median home sale price in Lexington is $381,000, up 1.6% from last year.
How long do homes stay on market in Lexington?
Homes typically spend 4 days on market before going under contract.
What is the median income in Lexington?
The median household income is $72,955 per year.
Is Lexington a buyer's or seller's market?
With 1.0 months of supply, Lexington is currently a strong seller's market.
What is the Zillow home value estimate for Lexington?
The Zillow Home Value Index (ZHVI) for Lexington is $329,551, representing the typical home value in the area.
How much does a single-family home cost in Lexington?
The median single-family home price in Lexington, MN is $381,000 (about $256 per square foot).
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