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LEXINGTON, KY 40504

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

Market Overview

Active Listings
48
⇧ 77.8% vs 27 last year
Pending
20
42% pending ratio
Median Price
$297,450
⇩ 15.3% vs $351,150 last year
Average Price
$484,822
⇧ 12.4% vs $431,402 last year
Days on Market
73
⇧ 9% vs 67 days last year

Market Context

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

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

Market Analysis

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

The LEXINGTON, KY real estate market (40504) currently shows 48 active listings, with 20 pending sales. Homes are averaging 73 days on the market before going under contract.

Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 73 days on market compared to 67 days last year.

The median listing price has fallen 15.3% year-over-year, from $351,150 to $297,450.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 27 last year
  • Days on market: 73 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $297,450 (-15.3% YoY)
  • Average: $484,822 (+12.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.1 miles — 1,265 listings ($703,071,188 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40504Lexington, KY 405040.0 mi48$23,271,456$297,450$484,822
40507Lexington, KY 405072.5 mi11$14,947,427$970,000$1,358,857
40502Lexington, KY 405023.8 mi97$78,591,534$598,500$810,222
40513Lexington, KY 405134.0 mi41$26,103,634$609,900$636,674
40505Lexington, KY 405054.8 mi61$17,614,665$257,500$288,765
40511Lexington, KY 405117.3 mi157$101,565,498$365,445$646,914
40509Lexington, KY 4050910.0 mi218$121,445,402$499,000$557,089
40383Versailles, KY 4038311.0 mi112$71,329,104$549,000$636,867
40347Midway, KY 4034712.6 mi13$12,350,975$529,500$950,075
40390Wilmore, KY 4039014.8 mi23$24,452,726$1,425,000$1,063,162
40361Paris, KY 4036120.6 mi75$27,065,700$299,900$360,876
40391Winchester, KY 4039122.2 mi141$66,579,495$335,000$472,195
40475Richmond, KY 4047523.1 mi268$117,753,572$353,900$439,379

Frequently Asked Questions

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

As of January 2026, there are 48 active listings in LEXINGTON, KY (zip code 40504), compared to 27 the prior year.

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

The median listing price in LEXINGTON, KY 40504 is $297,450 as of January 2026, a 15.3% decrease from $351,150 the prior year.

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

Homes in LEXINGTON, KY 40504 spend an average of 73 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, KY 40504?

Based on current inventory and days-on-market data as of January 2026, LEXINGTON, KY 40504 is currently a Buyer's Market. Inventory has increased compared to last year, with 21 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 73 days on market compared to 67 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 $5,949 compared to a typical 5% commission on the median listing price of $297,450. 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.