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Beaumont Park Calumet Cardinal Valley Colony Garden Springs Gardenside Golf View Estates Harrods Park Townhouse Headley Green Horse and Carriage Mason Headley Picadome Pine Meadow S. Broadway Park Saddle Club Skycrest Southland Park The Lane Versailles Rd (Viley Rd) West Gardenside

LEXINGTON, KY 40504

Real Estate Market Report  ·  Fayette County
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 40504

Beaumont Park · Calumet · Cardinal Valley · Colony · Garden Springs · Gardenside · Golf View Estates · Harrods Park Townhouse · Headley Green · Horse and Carriage · Mason Headley · Picadome · Pine Meadow · S. Broadway Park · Saddle Club · Skycrest · Southland Park · The Lane · Versailles Rd (Viley Rd) · West Gardenside

Market Analysis

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

The LEXINGTON, KY real estate market (40504) currently shows 66 active listings, with 25 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 43 days on market compared to 42 days last year.

The median listing price has fallen 3.5% year-over-year, from $293,700 to $283,500.

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Market Context

Market Context

Population: 26,408  ·  Density: 1,654.2/mi²  ·  Median household income: $44,500

Typical home value: $193,696  ·  Homeownership: 32.5%

Market Overview

Active Listings
66
⇧ 24.5% vs 53 last year
Pending
25
38% pending ratio
Median Price
$283,500
⇩ 3.5% vs $293,700 last year
Average Price
$371,645
⇩ 1.9% vs $378,657 last year
Days on Market
43
⇧ 2.4% vs 42 days last year

Price Per Square Foot

Median $/sqft
$186
⇩ 11% vs $209/sqft last year
Median Home Size
1,647 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 66 this year vs 53 last year
  • Days on market: 43 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $283,500 (-3.5% YoY)
  • Average: $371,645 (-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 23.1 miles — 1,183 listings ($648,210,804 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40504Lexington, KY 405040.0 mi41$18,363,203$282,225$447,883
40507Lexington, KY 405072.5 mi8$9,851,904$665,750$1,231,488
40502Lexington, KY 405023.8 mi89$73,923,044$603,475$830,596
40513Lexington, KY 405134.0 mi36$23,078,052$629,000$641,057
40505Lexington, KY 405054.8 mi57$16,722,147$273,725$293,371
40511Lexington, KY 405117.3 mi158$102,838,724$377,500$650,878
40509Lexington, KY 4050910.0 mi186$100,873,194$511,175$542,329
40383Versailles, KY 4038311.0 mi109$68,859,224$552,975$631,736
40347Midway, KY 4034712.6 mi12$14,116,524$967,250$1,176,377
40390Wilmore, KY 4039014.8 mi25$25,124,700$1,331,250$1,004,988
40361Paris, KY 4036120.6 mi71$23,700,155$295,000$333,805
40391Winchester, KY 4039122.2 mi134$61,190,296$301,675$456,644
40475Richmond, KY 4047523.1 mi257$109,569,637$350,000$426,341

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40504?

As of September 2026, there are 66 active listings in LEXINGTON, KY (zip code 40504), compared to 53 the prior year.

What is the median home price in LEXINGTON, KY 40504?

The median listing price in LEXINGTON, KY 40504 is $283,500 as of September 2026, a 3.5% decrease from $293,700 the prior year.

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

Homes in LEXINGTON, KY 40504 spend an average of 43 days on the market before going under contract, compared to 42 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40504?

Based on current inventory and days-on-market data as of September 2026, LEXINGTON, KY 40504 is currently a Buyer's Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 43 days on market compared to 42 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 40504 save an estimated $5,670 compared to a typical 5% commission on the median listing price of $283,500. 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.