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Belleau Woods Blueberry Hills Brigadoon Carriage Lane Chippen Dale Square Gainesway Huntington Woods Oaks Condominium Park Place Patchen Woods Southeastern Hills Stoney Brook

LEXINGTON, KY 40517

Real Estate Market Report  ·  Fayette County
Seller's Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 40517

Belleau Woods · Blueberry Hills · Brigadoon · Carriage Lane · Chippen Dale Square · Gainesway · Huntington Woods · Oaks Condominium · Park Place · Patchen Woods · Southeastern Hills · Stoney Brook

Market Analysis

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

The LEXINGTON, KY real estate market (40517) currently shows 90 active listings, with 58 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 46 days on market compared to 50 days last year.

The median listing price has risen 5.7% year-over-year, from $272,000 to $287,500.

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: 36,263  ·  Density: 2,268.5/mi²  ·  Median household income: $50,429

Typical home value: $170,906  ·  Homeownership: 37.7%

Market Overview

Active Listings
90
⇩ 5.3% vs 95 last year
Pending
58
64% pending ratio
Median Price
$287,500
⇧ 5.7% vs $272,000 last year
Average Price
$299,448
⇧ 3.9% vs $288,185 last year
Days on Market
46
⇩ 8% vs 50 days last year

Price Per Square Foot

Median $/sqft
$177
⇩ 5.3% vs $187/sqft last year
Median Home Size
1,584 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 90 this year vs 95 last year
  • Days on market: 46 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $287,500 (+5.7% YoY)
  • Average: $299,448 (+3.9% 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 24.9 miles — 1,338 listings ($702,560,682 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40517Lexington, KY 405170.0 mi81$21,605,049$249,900$266,729
40503Lexington, KY 405032.9 mi57$23,182,470$376,225$406,710
40507Lexington, KY 405074.4 mi8$9,851,904$665,750$1,231,488
40504Lexington, KY 405044.9 mi41$18,363,203$282,225$447,883
40515Lexington, KY 405155.9 mi112$74,568,256$580,331$665,788
40513Lexington, KY 405136.8 mi36$23,078,052$629,000$641,057
40356Nicholasville, KY 403568.7 mi279$156,036,051$436,641$559,269
40511Lexington, KY 4051110.3 mi158$102,838,724$377,500$650,878
40383Versailles, KY 4038313.8 mi109$68,859,224$552,975$631,736
40475Richmond, KY 4047518.1 mi257$109,569,637$350,000$426,341
40391Winchester, KY 4039118.7 mi134$61,190,296$301,675$456,644
40444Lancaster, KY 4044421.8 mi62$31,168,516$390,100$502,718
40379Stamping Ground, KY 4037924.9 mi4$2,249,300$625,000$562,325

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40517?

As of April 2026, there are 90 active listings in LEXINGTON, KY (zip code 40517), compared to 95 the prior year.

What is the median home price in LEXINGTON, KY 40517?

The median listing price in LEXINGTON, KY 40517 is $287,500 as of April 2026, a 5.7% increase from $272,000 the prior year.

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

Homes in LEXINGTON, KY 40517 spend an average of 46 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40517?

Based on current inventory and days-on-market data as of April 2026, LEXINGTON, KY 40517 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 46 days on market compared to 50 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 40517 save an estimated $5,750 compared to a typical 5% commission on the median listing price of $287,500. 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.