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LEXINGTON, KY 40505

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 40505

Bryan Station · Castlewood · Eastland Parkway · Elkhorn Park · Elkhorn Parks · Joyland · Liberty Area · Marlboro (Radcliffe) · Meadow Park · Meadows - Loudon · North Pointe Neighbors · Old Paris Place · Radcliffe

Market Analysis

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

The LEXINGTON, KY real estate market (40505) currently shows 57 active listings, with 24 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 66 days on market compared to 58 days last year.

The median listing price has risen 8.4% year-over-year, from $252,450 to $273,725.

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: 25,969  ·  Density: 1,255.1/mi²  ·  Median household income: $56,957

Typical home value: $153,005  ·  Homeownership: 61.2%

Market Overview

Active Listings
57
⇧ 3.6% vs 55 last year
Pending
24
42% pending ratio
Median Price
$273,725
⇧ 8.4% vs $252,450 last year
Average Price
$293,371
⇧ 4% vs $282,206 last year
Days on Market
66
⇧ 13.8% vs 58 days last year

Price Per Square Foot

Median $/sqft
$199
⇧ 5.3% vs $189/sqft last year
Median Home Size
1,400 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 57 this year vs 55 last year
  • Days on market: 66 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $273,725 (+8.4% YoY)
  • Average: $293,371 (+4% 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 23.4 miles — 919 listings ($453,452,636 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40505Lexington, KY 405050.0 mi61$17,614,665$257,500$288,765
40508Lexington, KY 405082.5 mi47$13,177,484$235,000$280,372
40504Lexington, KY 405044.8 mi48$23,271,456$297,450$484,822
40511Lexington, KY 405115.1 mi157$101,565,498$365,445$646,914
40503Lexington, KY 405035.7 mi61$24,413,969$369,950$400,229
40514Lexington, KY 405147.9 mi36$14,128,128$367,500$392,448
40513Lexington, KY 405138.7 mi41$26,103,634$609,900$636,674
40324Georgetown, KY 4032413.9 mi247$105,989,676$405,850$429,108
40383Versailles, KY 4038315.8 mi112$71,329,104$549,000$636,867
40361Paris, KY 4036116.1 mi75$27,065,700$299,900$360,876
40390Wilmore, KY 4039018.4 mi23$24,452,726$1,425,000$1,063,162
40379Stamping Ground, KY 4037921.3 mi4$2,149,876$535,000$537,469
40370Sadieville, KY 4037023.4 mi7$2,190,720$250,000$312,960

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40505?

As of February 2026, there are 57 active listings in LEXINGTON, KY (zip code 40505), compared to 55 the prior year.

What is the median home price in LEXINGTON, KY 40505?

The median listing price in LEXINGTON, KY 40505 is $273,725 as of February 2026, a 8.4% increase from $252,450 the prior year.

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

Homes in LEXINGTON, KY 40505 spend an average of 66 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40505?

Based on current inventory and days-on-market data as of February 2026, LEXINGTON, KY 40505 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 66 days on market compared to 58 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 40505 save an estimated $5,475 compared to a typical 5% commission on the median listing price of $273,725. 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.