New - 9 hours on Rocket
$10,000 Closing Credit¹
Listing Office: Christie's International Real Estate Bluegrass
Lexington-Fayette Northwest Housing Market Report December 2024•Fayette County, Kentucky
Housing Prices in Lexington-Fayette Northwest, KY
How much do homes in Lexington-Fayette Northwest, KY cost?
Housing Market Conditions
Is Lexington-Fayette Northwest, KY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lexington-Fayette Northwest is a Seller's Market
Difference Since December 2023
Since last year, Lexington-Fayette Northwest has remained a Seller's Market.
Insight
Lexington-Fayette Northwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$315,981$160/SqFt
+$28,731
+10.0%
Based on all homes sold in the last 12 months
Insight
Homes in Lexington-Fayette Northwest have sold for 10% more than they did a year ago.
Summary: The median home sold price in Lexington-Fayette Northwest was $315,981 in December 2024, up 10% from last year, and the median price per square foot was $160.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Lexington-Fayette Northwest | $287.2K | $315.9K | +10.0% |
| Lexington-Fayette Northeast | $350K | $376.2K | +7.5% |
| Lexington-Fayette | $310.7K | $325.5K | +4.8% |
| Lexington-Fayette Central | $300.1K | $313.1K | +4.3% |
| Lexington-Fayette Southwest | $345K | $350K | +1.4% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $217.5K | $295K | +35.6% |
| 33 Bedrooms | $265K | $290K | +9.4% |
| 44 Bedrooms | $355K | $365K | +2.8% |
| 55+ Bedrooms | $459.9K | $433.9K | -5.6% |
Summary: Lexington-Fayette Northwest housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +35.6%. The home price for 3 bedroom homes increased by +9.4%. The home price for 4 bedroom homes increased by +2.8%. The home price for 5 bedroom homes decreased by -5.6%.
Housing supply in Lexington-Fayette Northwest, KY
How many homes are available in Lexington-Fayette Northwest, KY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 107Last MonthDec 2024 | ||
| 1122 months agoNov 2024 | -4.5 % Change MoMNov – Dec |
Summary: The Lexington-Fayette Northwest real estate market had 107 homes for sale in Dec 2024, a 4.5 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 35Last MonthDec 2024 | ||
| 372 months agoNov 2024 | -5.4 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 8 | 10 | +25.0% |
| 33 Bedrooms | 51 | 46 | -9.8% |
| 44 Bedrooms | 46 | 46 | 0.0% |
| 55+ Bedrooms | 7 | 5 | -28.6% |
Summary: Lexington-Fayette Northwest housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes decreased by -9.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -28.6%.
Asking Price vs. Sold Price
How much do homes in Lexington-Fayette Northwest, KY cost?
Over Asking Price3 Homes
At Asking Price15 Homes
Under Asking Price17 Homes
Insight
If you're buying a home in Lexington-Fayette Northwest, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Lexington-Fayette Northwest in December 2024, down by 5.4% month-over-month. Of the 35 sold homes, 49% were sold under asking, 43% were sold at asking, and and 9% were sold over asking.
Days on Market for Lexington-Fayette Northwest, KY
How long does it take to sell a home in Lexington-Fayette Northwest, KY?
Breakdown of Home Sale Times
Under 30 Days32 Homes
30 – 90 Days2 Homes
Over 90 Days1 Home
Insight
Many homes in Lexington-Fayette Northwest are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 35 homes were sold in Lexington-Fayette Northwest; 91% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 11 DaysThis YearDec 2024 | ||
| 26 Days1 year agoDec 2023 | -56.7 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Lexington-Fayette Northwest had an average listing age of 11 days in Dec 2024, down by 56.7% compared to the previous year.
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Newest Listings in Lexington-Fayette Northwest, KY
What homes are available in Lexington-Fayette Northwest, KY?
New - 10 hours on Rocket
$5,273 Closing Credit¹
Listing Office: Christie's International Real Estate Bluegrass
New - 1 day on Rocket
$3,770 Closing Credit¹
Listing Office: Weesner Properties, Inc.
New - 1 day on Rocket
$4,196 Closing Credit¹
Listing Office: Christie's International Real Estate Bluegrass
New - 2 days on Rocket
$4,631 Closing Credit¹
Listing Office: HomeLand Real Estate Inc
New - 2 days on Rocket
$10,000 Closing Credit¹
Listing Office: Bluegrass Properties Group
New - 3 days on Rocket
$2,553 Closing Credit¹
Listing Office: Tru Life Real Estate
New - 4 days on Rocket
$2,791 Closing Credit¹
Listing Office: RE/MAX Creative Realty
New - 4 days on RocketBackup offers
$4,156 Closing Credit¹
Listing Office: The Brokerage
New - 6 days on Rocket
$4,275 Closing Credit¹
Listing Office: Red Edge Realty
$4,667 Closing Credit¹
Listing Office: Christie's International Real Estate Bluegrass
$5,047 Closing Credit¹
Listing Office: Tom Harper and Associates
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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: 1/17/2025, 11:21:01 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: 1/17/2025, 11:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.