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LEXINGTON, KY 40515

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

Neighborhoods in ZIP 40515

Athens Historic District · Boone Creek · Cumberland Hill · Eastlake · Hartland Estates · Hartland Homeowners · Hunting Hills · Lake Crossing · Meadow Creek · Middle Reaches Of Boone Creek Rural Historic District · Old Richmond Rd Corridor · Pickway Korner · South Point · Squire Oak · Tanbark · Waterford · White Pine · Woodfield Homes

Market Analysis

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

The LEXINGTON, KY real estate market (40515) currently shows 137 active listings, with 89 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has increased compared to last year, with 29 more homes available — giving buyers more choice.

Homes are selling faster, averaging 38 days on market compared to 82 days last year.

The median listing price has risen 5.9% year-over-year, from $489,700 to $518,475.

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: 36,163  ·  Density: 252.6/mi²  ·  Median household income: $84,280

Typical home value: $287,162  ·  Homeownership: 61.2%

Market Overview

Active Listings
137
⇧ 26.9% vs 108 last year
Pending
89
65% pending ratio
Median Price
$518,475
⇧ 5.9% vs $489,700 last year
Average Price
$574,139
⇩ 21.8% vs $734,086 last year
Days on Market
38
⇩ 53.7% vs 82 days last year

Price Per Square Foot

Median $/sqft
$197
⇩ 4.4% vs $206/sqft last year
Median Home Size
2,748 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 137 this year vs 108 last year
  • Days on market: 38 now vs 82 last year

Median & Average Pricing

Year over Year
  • Median: $518,475 (+5.9% YoY)
  • Average: $574,139 (-21.8% 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 23.8 miles — 1,174 listings ($568,939,871 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40515Lexington, KY 405150.0 mi112$74,568,256$580,331$665,788
40517Lexington, KY 405175.9 mi81$21,605,049$249,900$266,729
40503Lexington, KY 405038.7 mi57$23,182,470$376,225$406,710
40514Lexington, KY 405149.2 mi31$12,260,407$357,500$395,497
40505Lexington, KY 405059.9 mi57$16,722,147$273,725$293,371
40504Lexington, KY 4050410.8 mi41$18,363,203$282,225$447,883
40475Richmond, KY 4047512.3 mi257$109,569,637$350,000$426,341
40510Lexington, KY 4051014.6 mi2$3,774,000$1,887,000$1,887,000
40511Lexington, KY 4051115.0 mi158$102,838,724$377,500$650,878
40383Versailles, KY 4038318.7 mi109$68,859,224$552,975$631,736
40385Waco, KY 4038520.0 mi13$4,272,632$275,000$328,664
40461Paint Lick, KY 4046122.8 mi11$5,980,887$433,650$543,717
40324Georgetown, KY 4032423.8 mi245$106,943,235$407,243$436,503

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40515?

As of March 2026, there are 137 active listings in LEXINGTON, KY (zip code 40515), compared to 108 the prior year.

What is the median home price in LEXINGTON, KY 40515?

The median listing price in LEXINGTON, KY 40515 is $518,475 as of March 2026, a 5.9% increase from $489,700 the prior year.

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

Homes in LEXINGTON, KY 40515 spend an average of 38 days on the market before going under contract, compared to 82 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40515?

Based on current inventory and days-on-market data as of March 2026, LEXINGTON, KY 40515 is currently a Balanced Market. Inventory has increased compared to last year, with 29 more homes available — giving buyers more choice. Homes are selling faster, averaging 38 days on market compared to 82 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 40515 save an estimated $10,370 compared to a typical 5% commission on the median listing price of $518,475. 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.