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LEXINGTON, KY 40509

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 40509

Andover Forest · Andover Hills · Athens Historic District · Autumn Ridge · Banbury Hunt · Boone Creek · Brighton East · Cadentown · Danby Corners · Fairway At Lakeside · Greenbrier Residents · Liberty Area · Middle Reaches Of Boone Creek Rural Historic District · The Lofts Of Locust Hills · Todds Station · Walnut Ridge

Market Analysis

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

The LEXINGTON, KY real estate market (40509) currently shows 201 active listings, with 96 pending sales. Homes are averaging 62 days on the market before going under contract.

Inventory has increased compared to last year, with 40 more homes available — giving buyers more choice.

Homes are selling faster, averaging 62 days on market compared to 66 days last year.

The median listing price has fallen 6.8% year-over-year, from $568,875 to $530,000.

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

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

Market Overview

Active Listings
201
⇧ 24.8% vs 161 last year
Pending
96
48% pending ratio
Median Price
$530,000
⇩ 6.8% vs $568,875 last year
Average Price
$550,710
⇩ 6.6% vs $589,817 last year
Days on Market
62
⇩ 6.1% vs 66 days last year

Price Per Square Foot

Median $/sqft
$199
⇩ 8.3% vs $217/sqft last year
Median Home Size
2,563 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 201 this year vs 161 last year
  • Days on market: 62 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $530,000 (-6.8% YoY)
  • Average: $550,710 (-6.6% 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 24.5 miles — 1,293 listings ($677,542,662 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40509Lexington, KY 405090.0 mi186$100,873,194$511,175$542,329
40515Lexington, KY 405155.7 mi112$74,568,256$580,331$665,788
40517Lexington, KY 405176.6 mi81$21,605,049$249,900$266,729
40507Lexington, KY 405077.9 mi8$9,851,904$665,750$1,231,488
40503Lexington, KY 405039.1 mi57$23,182,470$376,225$406,710
40514Lexington, KY 4051410.7 mi31$12,260,407$357,500$395,497
40391Winchester, KY 4039112.3 mi134$61,190,296$301,675$456,644
40356Nicholasville, KY 4035613.6 mi279$156,036,051$436,641$559,269
40475Richmond, KY 4047516.3 mi257$109,569,637$350,000$426,341
40390Wilmore, KY 4039019.1 mi25$25,124,700$1,331,250$1,004,988
40383Versailles, KY 4038320.2 mi109$68,859,224$552,975$631,736
40347Midway, KY 4034722.2 mi12$14,116,524$967,250$1,176,377
40348Millersburg, KY 4034824.5 mi2$304,950$152,475$152,475

Frequently Asked Questions

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

As of March 2026, there are 201 active listings in LEXINGTON, KY (zip code 40509), compared to 161 the prior year.

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

The median listing price in LEXINGTON, KY 40509 is $530,000 as of March 2026, a 6.8% decrease from $568,875 the prior year.

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

Homes in LEXINGTON, KY 40509 spend an average of 62 days on the market before going under contract, compared to 66 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 March 2026, LEXINGTON, KY 40509 is currently a Balanced Market. Inventory has increased compared to last year, with 40 more homes available — giving buyers more choice. Homes are selling faster, averaging 62 days on market compared to 66 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 $10,600 compared to a typical 5% commission on the median listing price of $530,000. 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.