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Ashland Park Aylesford Aylesford Place Castlegate Central Ave (S Ashland) Chenault Rd Chevy Chase Columbia Heights East Cooper Dr Eastside Eastwood Maintenance Fairway Hollywood (Mt Vernon) Idle Hour Drive Idle Hour Neighbors Indian Mound Kenwick Lakeview Islands Lakewood Lansdowne Louisiana Ave Mentelle Park Montclair Oldham Ave Shadeland Community Shriners Tabor Oaks Willow Glen Woodlake Woodland Triangle Woodlands Zandale

LEXINGTON, KY 40502

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 40502

Ashland Park · Aylesford · Aylesford Place · Castlegate · Central Ave (S Ashland) · Chenault Rd · Chevy Chase · Columbia Heights · East Cooper Dr · Eastside · Eastwood Maintenance · Fairway · Hollywood (Mt Vernon) · Idle Hour Drive · Idle Hour Neighbors · Indian Mound · Kenwick · Lakeview Islands · Lakewood · Lansdowne · Louisiana Ave · Mentelle Park · Montclair · Oldham Ave · Shadeland Community · Shriners · Tabor Oaks · Willow Glen · Woodlake · Woodland Triangle · Woodlands · Zandale

Market Analysis

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

The LEXINGTON, KY real estate market (40502) currently shows 86 active listings, with 33 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 61 days on market compared to 33 days last year.

The median listing price has fallen 8.2% year-over-year, from $699,000 to $642,000.

Whether you are buying or selling in LEXINGTON, KY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 27,118  ·  Density: 1,465.1/mi²  ·  Median household income: $70,687

Typical home value: $450,490  ·  Homeownership: 58.6%

Market Overview

Active Listings
86
⇧ 26.5% vs 68 last year
Pending
33
38% pending ratio
Median Price
$642,000
⇩ 8.2% vs $699,000 last year
Average Price
$911,753
⇧ 7.4% vs $848,619 last year
Days on Market
61
⇧ 84.8% vs 33 days last year

Price Per Square Foot

Median $/sqft
$263
⇧ 6.9% vs $246/sqft last year
Median Home Size
2,648 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 86 this year vs 68 last year
  • Days on market: 61 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $642,000 (-8.2% YoY)
  • Average: $911,753 (+7.4% 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 23.9 miles — 1,185 listings ($650,249,488 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40502Lexington, KY 405020.0 mi89$73,923,044$603,475$830,596
40507Lexington, KY 405072.4 mi8$9,851,904$665,750$1,231,488
40503Lexington, KY 405032.9 mi57$23,182,470$376,225$406,710
40504Lexington, KY 405043.8 mi41$18,363,203$282,225$447,883
40509Lexington, KY 405096.4 mi186$100,873,194$511,175$542,329
40515Lexington, KY 405157.4 mi112$74,568,256$580,331$665,788
40510Lexington, KY 405107.7 mi2$3,774,000$1,887,000$1,887,000
40356Nicholasville, KY 4035610.7 mi279$156,036,051$436,641$559,269
40390Wilmore, KY 4039015.1 mi25$25,124,700$1,331,250$1,004,988
40324Georgetown, KY 4032416.6 mi245$106,943,235$407,243$436,503
40361Paris, KY 4036119.3 mi71$23,700,155$295,000$333,805
40372Salvisa, KY 4037223.2 mi8$2,740,760$334,000$342,595
40444Lancaster, KY 4044423.9 mi62$31,168,516$390,100$502,718

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40502?

As of March 2026, there are 86 active listings in LEXINGTON, KY (zip code 40502), compared to 68 the prior year.

What is the median home price in LEXINGTON, KY 40502?

The median listing price in LEXINGTON, KY 40502 is $642,000 as of March 2026, a 8.2% decrease from $699,000 the prior year.

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

Homes in LEXINGTON, KY 40502 spend an average of 61 days on the market before going under contract, compared to 33 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40502?

Based on current inventory and days-on-market data as of March 2026, LEXINGTON, KY 40502 is currently a Buyer's Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 61 days on market compared to 33 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LEXINGTON, KY 40502 save an estimated $12,840 compared to a typical 5% commission on the median listing price of $642,000. 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.