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Featured local agent — Lexington, NE
Sarah Mitchell
Compass Real Estate · Lexington, NE
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lexington, NE Housing Market & Real Estate
Housing market overview · Updated monthly ·
$221,915median sale price
How is the Lexington, NE housing market right now?
The median home sale price in Lexington, NE is $221,915, up 1.7% year-over-year. Homes sell in an average of 102 days with 38 active listings. The market is currently a buyer'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, NE is currently a buyer's market, based on 9.5 months of supply and homes selling in about 102 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
102
Average pace
Active listings
38
9.5 months supply
Sale-to-list
93.7%
Below asking
What does the Lexington housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $221,915 |
| Median list price | $220,000 |
| Year-over-year price change | +1.7% |
| Average days on market | 102 days |
| Active inventory | 38 listings |
| Months of supply | 9.5 months |
| Sale-to-list price ratio | 93.7% |
| Median price per sq ft | $107/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 3 |
| Listings with a price cut | 23.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Lexington by property type?
How the Lexington, NE market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $221,915 | $107/sq ft | 4 | 102 days |
Source: Redfin · Updated monthly
The Lexington housing market is currently classified as a buyer's market with a median sale price of $221,915. Prices have risen 1.7% compared to last year, with homes spending an average of 102 days on market, indicating 9.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Lexington
There are currently 38 homes listed for sale in Lexington, Nebraska. The median listing price is $220K.
Active listings
38
Homes on market
Median list price
$220K
Avg. days on market
102
Days until sale
New this week
3
Newly listed
Who lives in Lexington?
Population
10,693
Median income
$62,364/yr
Median age
30.9 years
Owner-occupied
55.3%
College grads
14.0%
Avg commute
15.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Lexington?
Zillow home value
$208,948
Zillow rent index
$1,319/mo
Price-to-rent ratio
13.2x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Lexington?
Lexington is a community of approximately 11K residents with a median age of 30.9 years.The median household income is $62,364, which represents a working-class community with solid middle-income opportunities. 14.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.3%, showing a blend of owner and renter-occupied properties. The average commute time is 15.2 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?
8 schools tracked · 3,229 students
The largest public schools serving Lexington, NE 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 HIGH SCHOOL
Grades 9-12 · 919 students
LEXINGTON MIDDLE SCHOOL
Grades 6-8 · 678 students
BRYAN ELEMENTARY SCHOOL
Grades PK-5 · 386 students
MORTON ELEMENTARY SCHOOL
Grades PK-1 · 363 students
SANDOZ ELEMENTARY SCHOOL
Grades 2-3 · 321 students
PERSHING ELEMENTARY SCHOOL
Grades 4-5 · 305 students
EARLY LEARNING ACADEMY
Grades PK · 257 students
EARLY INTERVENTION/HOMEBOUND
Grades PK
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, NE?
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 13.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 1.7% 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 $221,915, up 1.7% from last year.
How long do homes stay on market in Lexington?
Homes typically spend 102 days on market before going under contract.
What is the median income in Lexington?
The median household income is $62,364 per year.
Is Lexington a buyer's or seller's market?
With 9.5 months of supply, Lexington is currently a buyer's market.
What is the Zillow home value estimate for Lexington?
The Zillow Home Value Index (ZHVI) for Lexington is $208,948, 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, NE is $221,915 (about $107 per square foot).
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