Call or Text (240) SELL-123
Aylesford Aylesford Place Constitution Downtown Gratz Park M L King North Broadway/short Street North Limestone Commercial Northside Historic Residential Southeast Lexington Western Suburb Woodland Triangle Woodlands

LEXINGTON, KY 40507

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

Neighborhoods in ZIP 40507

Aylesford · Aylesford Place · Constitution · Downtown · Gratz Park · M L King · North Broadway/short Street · North Limestone Commercial · Northside Historic Residential · Southeast Lexington · Western Suburb · Woodland Triangle · Woodlands

Market Analysis

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

The LEXINGTON, KY real estate market (40507) currently shows 8 active listings. Homes are averaging 119 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 119 days on market compared to 103 days last year.

The median listing price has fallen 3.9% year-over-year, from $692,500 to $665,750.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for LEXINGTON, KY 40507 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 2,057  ·  Density: 1,844.1/mi²  ·  Median household income: $45,000

Typical home value: $0  ·  Homeownership: 30.1%

Market Overview

Active Listings
8
⇩ 71.4% vs 28 last year
Pending
0
0% pending ratio
Median Price
$665,750
⇩ 3.9% vs $692,500 last year
Average Price
$1,231,488
⇧ 39.3% vs $883,867 last year
Days on Market
119
⇧ 15.5% vs 103 days last year

Price Per Square Foot

Median $/sqft
$329
⇩ 23.1% vs $428/sqft last year
Median Home Size
1,648 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 28 last year
  • Days on market: 119 now vs 103 last year

Median & Average Pricing

Year over Year
  • Median: $665,750 (-3.9% YoY)
  • Average: $1,231,488 (+39.3% 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 23.3 miles — 1,441 listings ($706,319,926 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40507Lexington, KY 405070.0 mi11$14,947,427$970,000$1,358,857
40505Lexington, KY 405052.3 mi61$17,614,665$257,500$288,765
40504Lexington, KY 405042.5 mi48$23,271,456$297,450$484,822
40517Lexington, KY 405174.4 mi89$24,214,586$249,900$272,074
40510Lexington, KY 405106.0 mi2$3,798,900$1,899,450$1,899,450
40513Lexington, KY 405136.4 mi41$26,103,634$609,900$636,674
40509Lexington, KY 405097.9 mi218$121,445,402$499,000$557,089
40356Nicholasville, KY 4035612.6 mi287$157,864,637$419,900$550,051
40324Georgetown, KY 4032414.2 mi247$105,989,676$405,850$429,108
40390Wilmore, KY 4039016.4 mi23$24,452,726$1,425,000$1,063,162
40391Winchester, KY 4039119.9 mi141$66,579,495$335,000$472,195
40475Richmond, KY 4047522.1 mi268$117,753,572$353,900$439,379
40372Salvisa, KY 4037223.3 mi5$2,283,750$464,000$456,750

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40507?

As of February 2026, there are 8 active listings in LEXINGTON, KY (zip code 40507), compared to 28 the prior year.

What is the median home price in LEXINGTON, KY 40507?

The median listing price in LEXINGTON, KY 40507 is $665,750 as of February 2026, a 3.9% decrease from $692,500 the prior year.

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

Homes in LEXINGTON, KY 40507 spend an average of 119 days on the market before going under contract, compared to 103 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40507?

Based on current inventory and days-on-market data as of February 2026, LEXINGTON, KY 40507 is currently a Balanced Market. Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 119 days on market compared to 103 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 40507 save an estimated $13,315 compared to a typical 5% commission on the median listing price of $665,750. 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.