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LEXINGTON, VA 24450

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The LEXINGTON, VA real estate market (24450) currently shows 77 active listings, with 22 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 79 days on market compared to 67 days last year.

The median listing price has risen 8.1% year-over-year, from $397,693 to $430,000.

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Market Context

Market Context

Population: 17,214  ·  Density: 30.2/mi²  ·  Median household income: $75,704

Typical home value: $280,290  ·  Homeownership: 65.8%

Market Overview

Active Listings
77
⇩ 1.3% vs 78 last year
Pending
22
29% pending ratio
Median Price
$430,000
⇧ 8.1% vs $397,693 last year
Average Price
$530,384
⇩ 1.9% vs $540,767 last year
Days on Market
79
⇧ 17.9% vs 67 days last year

Price Per Square Foot

Median $/sqft
$218
⇧ 4.8% vs $208/sqft last year
Median Home Size
2,006 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 77 this year vs 78 last year
  • Days on market: 79 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $430,000 (+8.1% YoY)
  • Average: $530,384 (-1.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.2 miles — 141 listings ($92,078,766 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24450Lexington, VA 244500.0 mi57$30,100,902$389,554$528,086
24555Glasgow, VA 245558.5 mi4$2,048,000$512,000$512,000
24473Rockbridge Baths, VA 2447311.6 mi7$3,858,050$575,000$551,150
24579Natural Bridge Station, VA 2457913.3 mi2$1,398,000$699,000$699,000
24435Fairfield, VA 2443514.1 mi10$6,345,760$622,450$634,576
24474Selma, VA 2447416.9 mi2$440,000$220,000$220,000
24483Vesuvius, VA 2448317.3 mi4$23,890,000$5,972,500$5,972,500
24460Millboro, VA 2446017.9 mi2$330,000$165,000$165,000
24472Raphine, VA 2447220.5 mi10$6,919,440$629,000$691,944
24459Middlebrook, VA 2445922.1 mi2$1,146,000$573,000$573,000
24430Craigsville, VA 2443023.2 mi5$716,665$135,000$143,333
24440Greenville, VA 2444025.3 mi3$877,350$292,450$292,450
24521Amherst, VA 2452126.2 mi33$14,008,599$363,175$424,503

Frequently Asked Questions

How many homes are for sale in LEXINGTON, VA 24450?

As of September 2026, there are 77 active listings in LEXINGTON, VA (zip code 24450), compared to 78 the prior year.

What is the median home price in LEXINGTON, VA 24450?

The median listing price in LEXINGTON, VA 24450 is $430,000 as of September 2026, a 8.1% increase from $397,693 the prior year.

How long do homes stay on the market in LEXINGTON, VA?

Homes in LEXINGTON, VA 24450 spend an average of 79 days on the market before going under contract, compared to 67 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, VA 24450?

Based on current inventory and days-on-market data as of September 2026, LEXINGTON, VA 24450 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 79 days on market compared to 67 days last year.

How much can I save on real estate commission in LEXINGTON, VA?

With SELL123.com's maximum 3% commission, sellers in LEXINGTON, VA 24450 save an estimated $8,600 compared to a typical 5% commission on the median listing price of $430,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.