Lexington Housing Market Report February 2025•Fayette County, Kentucky

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lexington is a Seller's Market

Difference Since February 2024

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

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$329,497$149/SqFt
+$16,372
+5.2%

Based on all homes sold in the last 12 months

Insight

Homes in Lexington have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Lexington was $329,497 in February 2025, up 5.2% from last year, and the median price per square foot was $149.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Lexington-Fayette Southeast
+7.2%
Lexington-Fayette Northeast
+6.4%
Lexington-Fayette
+5.2%
Lexington
+5.2%
Lexington-Fayette Central
+5.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$175K$160K
-8.6%
2$205.8K$219.9K
+6.8%
3$280K$299.9K
+7.1%
4$408.3K$415K
+1.6%
5$560.2K$598K
+6.7%

Summary: Lexington housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.6%. The home price for 2 bedroom homes increased by +6.8%. The home price for 3 bedroom homes increased by +7.1%. The home price for 4 bedroom homes increased by +1.6%. The home price for 5 bedroom homes increased by +6.7%.

Housing supply in Lexington, KY

How many homes are available in Lexington, KY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
792Last MonthFeb 2025
7682 months agoJan 2025
+3.1 %
Change MoMJan – Feb

Summary: The Lexington real estate market had 792 homes for sale in Feb 2025, a 3.1 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
163Last MonthFeb 2025
2082 months agoJan 2025
-21.6 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
13127
-12.9%
28997
+9.0%
3321343
+6.9%
4216224
+3.7%
5111101
-9.0%

Summary: Lexington housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -12.9%. The inventory for 2 bedroom homes increased by +9.0%. The inventory for 3 bedroom homes increased by +6.9%. The inventory for 4 bedroom homes increased by +3.7%. The inventory for 5 bedroom homes decreased by -9.0%.

Asking Price vs. Sold Price

How much do homes in Lexington, KY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price22 Homes

At Asking Price52 Homes

Under Asking Price89 Homes

Insight

If you're buying a home in Lexington, you may be able to get a good deal. 54.6% of homes here sold below asking price last month.

Summary: A total of 163 homes were sold or pending in Lexington in February 2025, down by 21.6% month-over-month. Of the 163 sold homes, 55% were sold under asking, 32% were sold at asking, and and 13% 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 Days89 Homes

30 – 90 Days51 Homes

Over 90 Days20 Homes

Insight

Many homes in Lexington are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 163 homes were sold in Lexington; 55% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
39 DaysThis YearFeb 2025
33 Days1 year agoFeb 2024
+17.7 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Lexington had an average listing age of 39 days in Feb 2025, up by 17.7% compared to the previous year.

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Newest Listings in Lexington, KY

What homes are available in Lexington, KY?

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Nearby markets

Popular Cities with Homes for Sale in Kentucky

MLS Disclaimers and Copyright

Based on information from Imagine MLS, and Metro Search MLS for the period 03/01/2023 - 03/01/2025

IDX 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: 3/12/2025, 12:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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: 3/12/2025, 12:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.