Lexington Housing Market Report February 2025•Richland County, Ohio

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Housing Prices in Lexington, OH

How much do homes in Lexington, OH cost?

Housing Market Conditions

Is Lexington, OH 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.
$245,000$152/SqFt
+$25,000
+11.4%

Based on all homes sold in the last 12 months

Insight

Homes in Lexington have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Lexington was $245,000 in February 2025, up 11.4% from last year, and the median price per square foot was $152.

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
+11.4%
Troy Township
+9.6%
Washington Township
+8.2%

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--
N/A
2$137.5K$178K
+29.5%
3$206K$240K
+16.5%
4$260K$300K
+15.4%
5$265K$404.9K
+52.8%

Summary: Lexington 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 increased by +29.5%. The home price for 3 bedroom homes increased by +16.5%. The home price for 4 bedroom homes increased by +15.4%. The home price for 5 bedroom homes increased by +52.8%.

How does Lexington, OH compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Lexington, OH

Housing supply in Lexington, OH

How many homes are available in Lexington, OH?

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
22Last MonthFeb 2025
182 months agoJan 2025
+22.2 %
Change MoMJan – Feb

Summary: The Lexington real estate market had 22 homes for sale in Feb 2025, a 22.2 % 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
4Last MonthFeb 2025
32 months agoJan 2025
+33.3 %
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
100
0.0%
479
+28.6%
533
0.0%
200
0.0%
3810
+25.0%

Summary: Lexington 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 4 bedroom homes increased by +28.6%. The inventory for 5 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +25.0%.

Asking Price vs. Sold Price

How much do homes in Lexington, OH 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 Price2 Homes

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Lexington, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Lexington in February 2025, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and and 50% were sold over asking.

Days on Market for Lexington, OH

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Lexington, OH

What homes are available in Lexington, OH?

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Nearby markets

Nearby markets aren't available for Lexington, OH

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MLS Disclaimers and Copyright

Based on information from Columbus and Central Ohio Regional MLS, Mansfield Assocation of REALTORS® MLS, and MLS Now for the period 03/01/2023 - 03/01/2025

IDX The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.

Copyright © 2025 Columbus and Central Ohio Regional 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: 3/14/2025, 12:50:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The information being provided is 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither Listing Broker(s) this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright Mansfield Association of REALTORS® 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: 3/14/2025, 12:45:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it 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 to be accurate. Buyer to verify all information. The information provided is 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. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.