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LEXINGTON, KY 40505

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

Neighborhoods in ZIP 40505

Bryan Station · Castlewood · Eastland Parkway · Elkhorn Park · Elkhorn Parks · Joyland · Liberty Area · Marlboro (Radcliffe) · Meadow Park · Meadows - Loudon · North Pointe Neighbors · Old Paris Place · Radcliffe

Market Analysis

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

The LEXINGTON, KY real estate market (40505) currently shows 76 active listings, with 30 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 39 days on market compared to 32 days last year.

The median listing price has risen 8.1% year-over-year, from $263,725 to $285,000.

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Market Context

Market Context

Population: 25,969  ·  Density: 1,255.1/mi²  ·  Median household income: $56,957

Typical home value: $153,005  ·  Homeownership: 61.2%

Market Overview

Active Listings
76
⇧ 11.8% vs 68 last year
Pending
30
39% pending ratio
Median Price
$285,000
⇧ 8.1% vs $263,725 last year
Average Price
$330,965
⇧ 20.1% vs $275,473 last year
Days on Market
39
⇧ 21.9% vs 32 days last year

Price Per Square Foot

Median $/sqft
$194
⇧ 4.9% vs $185/sqft last year
Median Home Size
1,442 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 76 this year vs 68 last year
  • Days on market: 39 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $285,000 (+8.1% YoY)
  • Average: $330,965 (+20.1% 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 23.8 miles — 1,147 listings ($547,563,846 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40505Lexington, KY 405050.0 mi57$16,722,147$273,725$293,371
40508Lexington, KY 405082.5 mi58$16,616,942$243,500$286,499
40504Lexington, KY 405044.8 mi41$18,363,203$282,225$447,883
40511Lexington, KY 405115.1 mi158$102,838,724$377,500$650,878
40503Lexington, KY 405035.7 mi57$23,182,470$376,225$406,710
40514Lexington, KY 405147.9 mi31$12,260,407$357,500$395,497
40513Lexington, KY 405138.7 mi36$23,078,052$629,000$641,057
40324Georgetown, KY 4032413.9 mi245$106,943,235$407,243$436,503
40383Versailles, KY 4038315.8 mi109$68,859,224$552,975$631,736
40361Paris, KY 4036116.1 mi71$23,700,155$295,000$333,805
40390Wilmore, KY 4039018.4 mi25$25,124,700$1,331,250$1,004,988
40475Richmond, KY 4047522.1 mi257$109,569,637$350,000$426,341
40348Millersburg, KY 4034823.8 mi2$304,950$152,475$152,475

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40505?

As of September 2026, there are 76 active listings in LEXINGTON, KY (zip code 40505), compared to 68 the prior year.

What is the median home price in LEXINGTON, KY 40505?

The median listing price in LEXINGTON, KY 40505 is $285,000 as of September 2026, a 8.1% increase from $263,725 the prior year.

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

Homes in LEXINGTON, KY 40505 spend an average of 39 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40505?

Based on current inventory and days-on-market data as of September 2026, LEXINGTON, KY 40505 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 39 days on market compared to 32 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 40505 save an estimated $5,700 compared to a typical 5% commission on the median listing price of $285,000. 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.