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LEXINGTON, KY 40509

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

Market Overview

Active Listings
218
⇧ 43.4% vs 152 last year
Pending
92
42% pending ratio
Median Price
$499,000
⇩ 2.4% vs $511,175 last year
Average Price
$557,089
⇩ 0.5% vs $559,755 last year
Days on Market
77
⇧ 1.3% vs 76 days last year

Market Context

Population: 45,181  ·  Density: 365.3/mi²  ·  Median household income: $90,503

Typical home value: $316,308  ·  Homeownership: 62.1%

Market Analysis

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

The LEXINGTON, KY real estate market (40509) currently shows 218 active listings, with 92 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has increased compared to last year, with 66 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 77 days on market compared to 76 days last year.

The median listing price has fallen 2.4% year-over-year, from $511,175 to $499,000.

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: 218 this year vs 152 last year
  • Days on market: 77 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $499,000 (-2.4% YoY)
  • Average: $557,089 (-0.5% 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 — 1,568 listings ($761,230,452 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40509Lexington, KY 405090.0 mi218$121,445,402$499,000$557,089
40515Lexington, KY 405155.7 mi117$75,894,858$583,331$648,674
40517Lexington, KY 405176.6 mi89$24,214,586$249,900$272,074
40507Lexington, KY 405077.9 mi11$14,947,427$970,000$1,358,857
40503Lexington, KY 405039.1 mi61$24,413,969$369,950$400,229
40514Lexington, KY 4051410.7 mi36$14,128,128$367,500$392,448
40391Winchester, KY 4039112.3 mi141$66,579,495$335,000$472,195
40356Nicholasville, KY 4035613.6 mi287$157,864,637$419,900$550,051
40475Richmond, KY 4047516.3 mi268$117,753,572$353,900$439,379
40357North Middletown, KY 4035717.5 mi0$0$199,000$199,000
40324Georgetown, KY 4032420.1 mi247$105,989,676$405,850$429,108
40385Waco, KY 4038521.9 mi10$3,364,130$329,000$336,413
40353Mount Sterling, KY 4035323.3 mi83$34,634,572$285,000$417,284

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40509?

As of January 2026, there are 218 active listings in LEXINGTON, KY (zip code 40509), compared to 152 the prior year.

What is the median home price in LEXINGTON, KY 40509?

The median listing price in LEXINGTON, KY 40509 is $499,000 as of January 2026, a 2.4% decrease from $511,175 the prior year.

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

Homes in LEXINGTON, KY 40509 spend an average of 77 days on the market before going under contract, compared to 76 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40509?

Based on current inventory and days-on-market data as of January 2026, LEXINGTON, KY 40509 is currently a Buyer's Market. Inventory has increased compared to last year, with 66 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 77 days on market compared to 76 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 40509 save an estimated $9,980 compared to a typical 5% commission on the median listing price of $499,000. 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.