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Cherokee Park Claymont Dr Deerfield Elizabeth Street Hill N Dale Indian Hills (Pera Place Iii) Merry Wives Of Greenbriar Monticello North Elizabeth St Open Gates Pasadena Penmoken Park Pera Place Picadome Rabbit Run (Stonewall Woods) Rosemill Seven Parks Shadeland Community Southern Heights Southland Park Stone Creek Stonewall Community Stonewall Equestrian Estates Wgpl Zandale

LEXINGTON, KY 40503

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

Neighborhoods in ZIP 40503

Cherokee Park · Claymont Dr · Deerfield · Elizabeth Street · Hill N Dale · Indian Hills (Pera Place Iii) · Merry Wives Of Greenbriar · Monticello · North Elizabeth St · Open Gates · Pasadena · Penmoken Park · Pera Place · Picadome · Rabbit Run (Stonewall Woods) · Rosemill · Seven Parks · Shadeland Community · Southern Heights · Southland Park · Stone Creek · Stonewall Community · Stonewall Equestrian Estates · Wgpl · Zandale

Market Analysis

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

The LEXINGTON, KY real estate market (40503) currently shows 70 active listings, with 35 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 54 days on market compared to 46 days last year.

The median listing price has fallen 4% year-over-year, from $394,000 to $378,375.

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: 28,186  ·  Density: 1,231.9/mi²  ·  Median household income: $71,131

Typical home value: $259,789  ·  Homeownership: 63.2%

Market Overview

Active Listings
70
⇧ 37.3% vs 51 last year
Pending
35
50% pending ratio
Median Price
$378,375
⇩ 4% vs $394,000 last year
Average Price
$406,135
⇩ 0.3% vs $407,225 last year
Days on Market
54
⇧ 17.4% vs 46 days last year

Price Per Square Foot

Median $/sqft
$236
⇧ 10.3% vs $214/sqft last year
Median Home Size
1,622 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 70 this year vs 51 last year
  • Days on market: 54 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $378,375 (-4% YoY)
  • Average: $406,135 (-0.3% 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 22.7 miles — 1,357 listings ($684,287,688 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40503Lexington, KY 405030.0 mi57$23,182,470$376,225$406,710
40504Lexington, KY 405042.6 mi41$18,363,203$282,225$447,883
40502Lexington, KY 405022.9 mi89$73,923,044$603,475$830,596
40508Lexington, KY 405083.6 mi58$16,616,942$243,500$286,499
40505Lexington, KY 405055.7 mi57$16,722,147$273,725$293,371
40515Lexington, KY 405158.7 mi112$74,568,256$580,331$665,788
40356Nicholasville, KY 403569.3 mi279$156,036,051$436,641$559,269
40516Lexington, KY 4051610.3 mi4$8,369,332$553,750$2,092,333
40390Wilmore, KY 4039012.8 mi25$25,124,700$1,331,250$1,004,988
40324Georgetown, KY 4032416.8 mi245$106,943,235$407,243$436,503
40475Richmond, KY 4047520.7 mi257$109,569,637$350,000$426,341
40361Paris, KY 4036121.8 mi71$23,700,155$295,000$333,805
40444Lancaster, KY 4044422.7 mi62$31,168,516$390,100$502,718

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40503?

As of March 2026, there are 70 active listings in LEXINGTON, KY (zip code 40503), compared to 51 the prior year.

What is the median home price in LEXINGTON, KY 40503?

The median listing price in LEXINGTON, KY 40503 is $378,375 as of March 2026, a 4% decrease from $394,000 the prior year.

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

Homes in LEXINGTON, KY 40503 spend an average of 54 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40503?

Based on current inventory and days-on-market data as of March 2026, LEXINGTON, KY 40503 is currently a Buyer's Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 54 days on market compared to 46 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 40503 save an estimated $7,568 compared to a typical 5% commission on the median listing price of $378,375. 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.