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Clemens Grove (Clements Heights) Copper Run Copperfield Dogwood Trace Plantation Willow Oak Wyndam Downs Wyndham Meadows Wyndham Ridge

LEXINGTON, KY 40514

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

Neighborhoods in ZIP 40514

Clemens Grove (Clements Heights) · Copper Run · Copperfield · Dogwood Trace · Plantation · Willow Oak · Wyndam Downs · Wyndham Meadows · Wyndham Ridge

Market Analysis

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

The LEXINGTON, KY real estate market (40514) currently shows 27 active listings, with 16 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 52 days on market compared to 26 days last year.

The median listing price has fallen 6.3% year-over-year, from $374,450 to $351,000.

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: 17,238  ·  Density: 2,229.6/mi²  ·  Median household income: $97,669

Typical home value: $273,797  ·  Homeownership: 72.5%

Market Overview

Active Listings
27
⇩ 6.9% vs 29 last year
Pending
16
59% pending ratio
Median Price
$351,000
⇩ 6.3% vs $374,450 last year
Average Price
$393,881
⇧ 4.3% vs $377,783 last year
Days on Market
52
⇧ 100% vs 26 days last year

Price Per Square Foot

Median $/sqft
$202
⇧ 11% vs $182/sqft last year
Median Home Size
1,716 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 29 last year
  • Days on market: 52 now vs 26 last year

Median & Average Pricing

Year over Year
  • Median: $351,000 (-6.3% YoY)
  • Average: $393,881 (+4.3% 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 22.9 miles — 950 listings ($452,458,516 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40514Lexington, KY 405140.0 mi31$12,260,407$357,500$395,497
40513Lexington, KY 405133.3 mi36$23,078,052$629,000$641,057
40504Lexington, KY 405044.3 mi41$18,363,203$282,225$447,883
40507Lexington, KY 405075.7 mi8$9,851,904$665,750$1,231,488
40510Lexington, KY 405106.5 mi2$3,774,000$1,887,000$1,887,000
40505Lexington, KY 405057.9 mi57$16,722,147$273,725$293,371
40383Versailles, KY 403839.8 mi109$68,859,224$552,975$631,736
40509Lexington, KY 4050910.7 mi186$100,873,194$511,175$542,329
40516Lexington, KY 4051612.4 mi4$8,369,332$553,750$2,092,333
40372Salvisa, KY 4037218.3 mi8$2,740,760$334,000$342,595
40475Richmond, KY 4047520.6 mi257$109,569,637$350,000$426,341
40330Harrodsburg, KY 4033022.3 mi100$34,363,000$282,075$343,630
40342Lawrenceburg, KY 4034222.9 mi111$43,633,656$326,200$393,096

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40514?

As of March 2026, there are 27 active listings in LEXINGTON, KY (zip code 40514), compared to 29 the prior year.

What is the median home price in LEXINGTON, KY 40514?

The median listing price in LEXINGTON, KY 40514 is $351,000 as of March 2026, a 6.3% decrease from $374,450 the prior year.

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

Homes in LEXINGTON, KY 40514 spend an average of 52 days on the market before going under contract, compared to 26 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40514?

Based on current inventory and days-on-market data as of March 2026, LEXINGTON, KY 40514 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 52 days on market compared to 26 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 40514 save an estimated $7,020 compared to a typical 5% commission on the median listing price of $351,000. 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.