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Aylesford Aylesford Place Constitution Downtown Gratz Park M L King North Broadway/short Street North Limestone Commercial Northside Historic Residential Southeast Lexington Western Suburb Woodland Triangle Woodlands

LEXINGTON, KY 40507

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

Neighborhoods in ZIP 40507

Aylesford · Aylesford Place · Constitution · Downtown · Gratz Park · M L King · North Broadway/short Street · North Limestone Commercial · Northside Historic Residential · Southeast Lexington · Western Suburb · Woodland Triangle · Woodlands

Market Analysis

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

The LEXINGTON, KY real estate market (40507) currently shows 10 active listings, with 3 pending sales. Homes are averaging 57 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 selling faster, averaging 57 days on market compared to 127 days last year.

The median listing price has fallen 22.4% year-over-year, from $745,000 to $578,000.

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 Context

Market Context

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

Typical home value: $0  ·  Homeownership: 30.1%

Market Overview

Active Listings
10
⇩ 65.5% vs 29 last year
Pending
3
30% pending ratio
Median Price
$578,000
⇩ 22.4% vs $745,000 last year
Average Price
$883,158
⇩ 3.6% vs $916,327 last year
Days on Market
57
⇩ 55.1% vs 127 days last year

Price Per Square Foot

Median $/sqft
$321
⇩ 26% vs $434/sqft last year
Median Home Size
1,608 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 29 last year
  • Days on market: 57 now vs 127 last year

Median & Average Pricing

Year over Year
  • Median: $578,000 (-22.4% YoY)
  • Average: $883,158 (-3.6% 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 24.0 miles — 1,357 listings ($655,080,046 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40507Lexington, KY 405070.0 mi8$9,851,904$665,750$1,231,488
40505Lexington, KY 405052.3 mi57$16,722,147$273,725$293,371
40504Lexington, KY 405042.5 mi41$18,363,203$282,225$447,883
40517Lexington, KY 405174.4 mi81$21,605,049$249,900$266,729
40510Lexington, KY 405106.0 mi2$3,774,000$1,887,000$1,887,000
40513Lexington, KY 405136.4 mi36$23,078,052$629,000$641,057
40509Lexington, KY 405097.9 mi186$100,873,194$511,175$542,329
40356Nicholasville, KY 4035612.6 mi279$156,036,051$436,641$559,269
40324Georgetown, KY 4032414.2 mi245$106,943,235$407,243$436,503
40390Wilmore, KY 4039016.4 mi25$25,124,700$1,331,250$1,004,988
40391Winchester, KY 4039119.9 mi134$61,190,296$301,675$456,644
40475Richmond, KY 4047522.1 mi257$109,569,637$350,000$426,341
40370Sadieville, KY 4037024.0 mi6$1,948,578$207,500$324,763

Frequently Asked Questions

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

As of March 2026, there are 10 active listings in LEXINGTON, KY (zip code 40507), compared to 29 the prior year.

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

The median listing price in LEXINGTON, KY 40507 is $578,000 as of March 2026, a 22.4% decrease from $745,000 the prior year.

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

Homes in LEXINGTON, KY 40507 spend an average of 57 days on the market before going under contract, compared to 127 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 March 2026, LEXINGTON, KY 40507 is currently a Seller's Market. Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 57 days on market compared to 127 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 $11,560 compared to a typical 5% commission on the median listing price of $578,000. 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.