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LEXINGTON, KY 40508

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

Neighborhoods in ZIP 40508

Aylesford · Aylesford Place · Bell Court · Brucetown · Columbia Heights · Constitution · Davis (Davis Bottoms) · Eastside · Elsmere Park · Fayette Park (Fayette Park Enhancement) · Galberith · Georgetown · Grosvenor Ave · Historic South Hill · M L King · Melrose-oak Park · Mulberry Hill · North Elizabeth St · North Upper St · Northeast Lexington Residential · Northside Historic Residential · Ohio-Chestnut Street · Pleasant Green Hill · South Hill · Southeast Lexington · Speigle Heights · Transylvania Park · Western Suburb · Woodland Triangle · Woodward Heights

Market Analysis

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

The LEXINGTON, KY real estate market (40508) currently shows 58 active listings, with 11 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 84 days on market compared to 69 days last year.

The median listing price has risen 10.7% year-over-year, from $220,000 to $243,500.

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: 25,518  ·  Density: 2,342.2/mi²  ·  Median household income: $27,711

Typical home value: $142,514  ·  Homeownership: 27.5%

Market Overview

Active Listings
58
⇧ 45% vs 40 last year
Pending
11
19% pending ratio
Median Price
$243,500
⇧ 10.7% vs $220,000 last year
Average Price
$286,499
⇩ 18.4% vs $351,166 last year
Days on Market
84
⇧ 21.7% vs 69 days last year

Price Per Square Foot

Median $/sqft
$195
⇩ 11% vs $219/sqft last year
Median Home Size
1,235 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 58 this year vs 40 last year
  • Days on market: 84 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $243,500 (+10.7% YoY)
  • Average: $286,499 (-18.4% 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 23.2 miles — 1,279 listings ($658,102,508 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40508Lexington, KY 405080.0 mi47$13,177,484$235,000$280,372
40504Lexington, KY 405042.3 mi48$23,271,456$297,450$484,822
40502Lexington, KY 405022.7 mi97$78,591,534$598,500$810,222
40517Lexington, KY 405174.6 mi89$24,214,586$249,900$272,074
40514Lexington, KY 405145.8 mi36$14,128,128$367,500$392,448
40513Lexington, KY 405136.3 mi41$26,103,634$609,900$636,674
40509Lexington, KY 405098.2 mi218$121,445,402$499,000$557,089
40356Nicholasville, KY 4035612.7 mi287$157,864,637$419,900$550,051
40324Georgetown, KY 4032413.9 mi247$105,989,676$405,850$429,108
40390Wilmore, KY 4039016.4 mi23$24,452,726$1,425,000$1,063,162
40391Winchester, KY 4039120.1 mi141$66,579,495$335,000$472,195
40357North Middletown, KY 4035722.3 mi0$0$199,000$199,000
40372Salvisa, KY 4037223.2 mi5$2,283,750$464,000$456,750

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40508?

As of February 2026, there are 58 active listings in LEXINGTON, KY (zip code 40508), compared to 40 the prior year.

What is the median home price in LEXINGTON, KY 40508?

The median listing price in LEXINGTON, KY 40508 is $243,500 as of February 2026, a 10.7% increase from $220,000 the prior year.

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

Homes in LEXINGTON, KY 40508 spend an average of 84 days on the market before going under contract, compared to 69 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40508?

Based on current inventory and days-on-market data as of February 2026, LEXINGTON, KY 40508 is currently a Buyer's Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 84 days on market compared to 69 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 40508 save an estimated $4,870 compared to a typical 5% commission on the median listing price of $243,500. 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.