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$2,849 Closing Credit¹
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Lexington Housing Market Report December 2024•Fayette County, Kentucky
Housing Prices in Lexington, KY
How much do homes in Lexington, KY cost?
Housing Market Conditions
Is Lexington, KY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lexington is a Seller's Market
Difference Since December 2023
Since last year, Lexington has remained a Seller's Market.
Insight
Lexington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$325,302$143/SqFt
+$14,465
+4.7%
Based on all homes sold in the last 12 months
Insight
Homes in Lexington have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Lexington was $325,302 in December 2024, up 4.7% from last year, and the median price per square foot was $143.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Lexington-Fayette Northeast | $350K | $376.2K | +7.5% |
| Lexington-Fayette Southeast | $279.9K | $297.5K | +6.3% |
| Lexington-Fayette | $310.7K | $325.5K | +4.8% |
| Lexington | $310.8K | $325.3K | +4.7% |
| Lexington-Fayette Central | $300.1K | $313.1K | +4.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $170K | $160K | -5.9% |
| 22 Bedrooms | $201.2K | $218.7K | +8.7% |
| 33 Bedrooms | $279.8K | $296.9K | +6.1% |
| 44 Bedrooms | $399.9K | $414.5K | +3.6% |
| 55+ Bedrooms | $570.5K | $593.9K | +4.1% |
Summary: Lexington housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -5.9%. The home price for 2 bedroom homes increased by +8.7%. The home price for 3 bedroom homes increased by +6.1%. The home price for 4 bedroom homes increased by +3.6%. The home price for 5 bedroom homes increased by +4.1%.
Housing supply in Lexington, KY
How many homes are available in Lexington, KY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 855Last MonthDec 2024 | ||
| 9702 months agoNov 2024 | -11.9 % Change MoMNov – Dec |
Summary: The Lexington real estate market had 855 homes for sale in Dec 2024, a 11.9 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 244Last MonthDec 2024 | ||
| 2652 months agoNov 2024 | -7.9 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 32 | 30 | -6.3% |
| 22 Bedrooms | 107 | 102 | -4.7% |
| 33 Bedrooms | 417 | 366 | -12.2% |
| 44 Bedrooms | 291 | 247 | -15.1% |
| 55+ Bedrooms | 123 | 110 | -10.6% |
Summary: Lexington housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -6.3%. The inventory for 2 bedroom homes decreased by -4.7%. The inventory for 3 bedroom homes decreased by -12.2%. The inventory for 4 bedroom homes decreased by -15.1%. The inventory for 5 bedroom homes decreased by -10.6%.
Asking Price vs. Sold Price
How much do homes in Lexington, KY cost?
Over Asking Price28 Homes
At Asking Price61 Homes
Under Asking Price155 Homes
Insight
If you're buying a home in Lexington, you may be able to get a good deal. 63.5% of homes here sold below asking price last month.
Summary: A total of 244 homes were sold or pending in Lexington in December 2024, down by 7.9% month-over-month. Of the 244 sold homes, 64% were sold under asking, 25% were sold at asking, and and 11% were sold over asking.
Days on Market for Lexington, KY
How long does it take to sell a home in Lexington, KY?
Breakdown of Home Sale Times
Under 30 Days171 Homes
30 – 90 Days49 Homes
Over 90 Days19 Homes
Insight
Many homes in Lexington are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 244 homes were sold in Lexington; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 27 DaysThis YearDec 2024 | ||
| 25 Days1 year agoDec 2023 | +6.5 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Lexington had an average listing age of 27 days in Dec 2024, up by 6.5% compared to the previous year.
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Newest Listings in Lexington, KY
What homes are available in Lexington, KY?
New - 5 hours on Rocket
$4,501 Closing Credit¹
Listing Office: RE/MAX Creative Realty
New - 14 hours on Rocket3D tour
$3,384 Closing Credit¹
Listing Office: Keller Williams Commonwealth
New - 21 hours on Rocket3D tour
$6,827 Closing Credit¹
Listing Office: ERA Select Real Estate
New - 23 hours on Rocket
$5,343 Closing Credit¹
Listing Office: ERA Select Real Estate
New - 23 hours on Rocket
$10,000 Closing Credit¹
Listing Office: EXP Realty, LLC
New - 23 hours on Rocket
$4,679 Closing Credit¹
Listing Office: RE/MAX Properties East
New - 1 day on Rocket
$6,116 Closing Credit¹
Listing Office: Plum Tree Realty
New - 1 day on Rocket
$3,800 Closing Credit¹
Listing Office: Keller Williams Commonwealth
New - 1 day on Rocket
$3,088 Closing Credit¹
Listing Office: Lifstyl Real Estate
New - 1 day on Rocket
$3,205 Closing Credit¹
Listing Office: Lifstyl Real Estate
New - 2 days on Rocket
$3,551 Closing Credit¹
Listing Office: Bluegrass Sotheby's International Realty
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MLS Disclaimers and Copyright
Based on information from Imagine MLS, and Metro Search MLS for the period 01/01/2023 - 01/01/2025
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 1:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.