16 hours on RocketBackup offers
$3,739 Closing Credit¹
#25004886, Listing Office: The Brokerage
Lexington-Fayette Southwest Housing Market Report February 2025•Fayette County, Kentucky
Housing Prices in Lexington-Fayette Southwest, KY
How much do homes in Lexington-Fayette Southwest, KY cost?
Housing Market Conditions
Is Lexington-Fayette Southwest, KY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lexington-Fayette Southwest is a Seller's Market
Difference Since February 2024
Since last year, Lexington-Fayette Southwest has remained a Seller's Market.
Insight
Lexington-Fayette Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$355,821$171/SqFt
+$10,821
+3.1%
Based on all homes sold in the last 12 months
Insight
Homes in Lexington-Fayette Southwest have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Lexington-Fayette Southwest was $355,821 in February 2025, up 3.1% from last year, and the median price per square foot was $171.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Lexington-Fayette Northwest | $290K | $320K | +10.3% |
| Lexington | $313.1K | $329.4K | +5.2% |
| Lexington-Fayette | $313K | $329.3K | +5.2% |
| Lexington-Fayette Central | $299.9K | $314.9K | +5.0% |
| Lexington-Fayette Southwest | $345K | $355.8K | +3.1% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $250K | $248K | -0.8% |
| 33 Bedrooms | $310K | $320K | +3.2% |
| 44 Bedrooms | $426.5K | $460K | +7.9% |
| 55+ Bedrooms | $614.2K | $731K | +19.0% |
Summary: Lexington-Fayette Southwest housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -0.8%. The home price for 3 bedroom homes increased by +3.2%. The home price for 4 bedroom homes increased by +7.9%. The home price for 5 bedroom homes increased by +19.0%.
How does Lexington-Fayette Southwest, KY compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lexington-Fayette Southwest, KY
Housing supply in Lexington-Fayette Southwest, KY
How many homes are available in Lexington-Fayette Southwest, KY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 86Last MonthFeb 2025 | ||
| 882 months agoJan 2025 | -2.3 % Change MoMJan – Feb |
Summary: The Lexington-Fayette Southwest real estate market had 86 homes for sale in Feb 2025, a 2.3 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 22Last MonthFeb 2025 | ||
| 232 months agoJan 2025 | -4.3 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 4 | 3 | -25.0% |
| 33 Bedrooms | 44 | 39 | -11.4% |
| 44 Bedrooms | 23 | 30 | +30.4% |
| 55+ Bedrooms | 16 | 13 | -18.8% |
Summary: Lexington-Fayette Southwest housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -11.4%. The inventory for 4 bedroom homes increased by +30.4%. The inventory for 5 bedroom homes decreased by -18.8%.
Asking Price vs. Sold Price
How much do homes in Lexington-Fayette Southwest, KY cost?
Over Asking Price4 Homes
At Asking Price4 Homes
Under Asking Price14 Homes
Insight
If you're buying a home in Lexington-Fayette Southwest, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Lexington-Fayette Southwest in February 2025, down by 4.3% month-over-month. Of the 22 sold homes, 64% were sold under asking, 18% were sold at asking, and and 18% were sold over asking.
Days on Market for Lexington-Fayette Southwest, KY
How long does it take to sell a home in Lexington-Fayette Southwest, KY?
Breakdown of Home Sale Times
Under 30 Days12 Homes
30 – 90 Days7 Homes
Over 90 Days3 Homes
Insight
Many homes in Lexington-Fayette Southwest are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 22 homes were sold in Lexington-Fayette Southwest; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 39 DaysThis YearFeb 2025 | ||
| 23 Days1 year agoFeb 2024 | +70.1 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Lexington-Fayette Southwest had an average listing age of 39 days in Feb 2025, up by 70.1% compared to the previous year.
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Newest Listings in Lexington-Fayette Southwest, KY
What homes are available in Lexington-Fayette Southwest, KY?
17 hours on Rocket
$6,519 Closing Credit¹
#25004880, Listing Office: Keller Williams Commonwealth
19 hours on Rocket
$8,253 Closing Credit¹
#25004847, Listing Office: Emmerich Muzic Realty
23 hours on Rocket
$3,919 Closing Credit¹
#25004816, Listing Office: EXP Realty, LLC
1 day on Rocket
$4,038 Closing Credit¹
#25004811, Listing Office: Keller Williams Commonwealth
1 day on Rocket
$9,322 Closing Credit¹
#25004801, Listing Office: Waizenhofer Real Estate
1 day on Rocket
$10,000 Closing Credit¹
#25004770, Listing Office: United Real Estate Bluegrass
1 day on Rocket
$3,561 Closing Credit¹
#25004760, Listing Office: The Brokerage
2 days on Rocket
$5,926 Closing Credit¹
#25003887, Listing Office: The Real Estate Group
2 days on RocketBackup offers
$3,076 Closing Credit¹
#25004595, Listing Office: Bluegrass Property Exchange
3 days on RocketVideo tour
$4,180 Closing Credit¹
#25004553, Listing Office: RE/MAX Creative Realty
6 days on Rocket
$10,000 Closing Credit¹
#25003425, Listing Office: Berkshire Hathaway de Movellan Properties
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MLS Disclaimers and Copyright
Based on information from Imagine MLS, for the period 03/01/2023 - 03/01/2025
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: 3/15/2025, 9:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.