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LEXINGTON, KY 40507

Real Estate Market Report  ·  Fayette County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
11
⇩ 63.3% vs 30 last year
Pending
3
27% pending ratio
Median Price
$970,000
⇧ 65.1% vs $587,500 last year
Average Price
$1,358,857
⇧ 59.9% vs $849,756 last year
Days on Market
94
⇧ 25.3% vs 75 days last year

Market Context

Population: 2,057  ·  Density: 1,844.1/mi²  ·  Median household income: $45,000

Typical home value: $0  ·  Homeownership: 30.1%

Market Analysis

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

The LEXINGTON, KY real estate market (40507) currently shows 11 active listings, with 3 pending sales. Homes are averaging 94 days on the market before going under contract.

Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 94 days on market compared to 75 days last year.

The median listing price has risen 65.1% year-over-year, from $587,500 to $970,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 30 last year
  • Days on market: 94 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $970,000 (+65.1% YoY)
  • Average: $1,358,857 (+59.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.3 miles — 1,441 listings ($706,319,926 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40507Lexington, KY 405070.0 mi11$14,947,427$970,000$1,358,857
40505Lexington, KY 405052.3 mi61$17,614,665$257,500$288,765
40504Lexington, KY 405042.5 mi48$23,271,456$297,450$484,822
40517Lexington, KY 405174.4 mi89$24,214,586$249,900$272,074
40510Lexington, KY 405106.0 mi2$3,798,900$1,899,450$1,899,450
40513Lexington, KY 405136.4 mi41$26,103,634$609,900$636,674
40509Lexington, KY 405097.9 mi218$121,445,402$499,000$557,089
40356Nicholasville, KY 4035612.6 mi287$157,864,637$419,900$550,051
40324Georgetown, KY 4032414.2 mi247$105,989,676$405,850$429,108
40390Wilmore, KY 4039016.4 mi23$24,452,726$1,425,000$1,063,162
40391Winchester, KY 4039119.9 mi141$66,579,495$335,000$472,195
40475Richmond, KY 4047522.1 mi268$117,753,572$353,900$439,379
40372Salvisa, KY 4037223.3 mi5$2,283,750$464,000$456,750

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40507?

As of January 2026, there are 11 active listings in LEXINGTON, KY (zip code 40507), compared to 30 the prior year.

What is the median home price in LEXINGTON, KY 40507?

The median listing price in LEXINGTON, KY 40507 is $970,000 as of January 2026, a 65.1% increase from $587,500 the prior year.

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

Homes in LEXINGTON, KY 40507 spend an average of 94 days on the market before going under contract, compared to 75 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40507?

Based on current inventory and days-on-market data as of January 2026, LEXINGTON, KY 40507 is currently a Balanced Market. Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 94 days on market compared to 75 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 40507 save an estimated $19,400 compared to a typical 5% commission on the median listing price of $970,000. 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.