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LEXINGTON, KY 40509

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

Neighborhoods in ZIP 40509

Andover Forest · Andover Hills · Athens Historic District · Autumn Ridge · Banbury Hunt · Boone Creek · Brighton East · Cadentown · Danby Corners · Fairway At Lakeside · Greenbrier Residents · Liberty Area · Middle Reaches Of Boone Creek Rural Historic District · The Lofts Of Locust Hills · Todds Station · Walnut Ridge

Market Analysis

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

The LEXINGTON, KY real estate market (40509) currently shows 186 active listings, with 87 pending sales. Homes are averaging 79 days on the market before going under contract.

Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice.

Homes are selling faster, averaging 79 days on market compared to 86 days last year.

The median listing price has fallen 9.8% year-over-year, from $566,400 to $511,175.

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: 45,181  ·  Density: 365.3/mi²  ·  Median household income: $90,503

Typical home value: $316,308  ·  Homeownership: 62.1%

Market Overview

Active Listings
186
⇧ 20.8% vs 154 last year
Pending
87
47% pending ratio
Median Price
$511,175
⇩ 9.8% vs $566,400 last year
Average Price
$542,329
⇩ 8.7% vs $594,094 last year
Days on Market
79
⇩ 8.1% vs 86 days last year

Price Per Square Foot

Median $/sqft
$200
⇩ 9.1% vs $220/sqft last year
Median Home Size
2,500 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 186 this year vs 154 last year
  • Days on market: 79 now vs 86 last year

Median & Average Pricing

Year over Year
  • Median: $511,175 (-9.8% YoY)
  • Average: $542,329 (-8.7% 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 — 1,568 listings ($761,230,452 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40509Lexington, KY 405090.0 mi218$121,445,402$499,000$557,089
40515Lexington, KY 405155.7 mi117$75,894,858$583,331$648,674
40517Lexington, KY 405176.6 mi89$24,214,586$249,900$272,074
40507Lexington, KY 405077.9 mi11$14,947,427$970,000$1,358,857
40503Lexington, KY 405039.1 mi61$24,413,969$369,950$400,229
40514Lexington, KY 4051410.7 mi36$14,128,128$367,500$392,448
40391Winchester, KY 4039112.3 mi141$66,579,495$335,000$472,195
40356Nicholasville, KY 4035613.6 mi287$157,864,637$419,900$550,051
40475Richmond, KY 4047516.3 mi268$117,753,572$353,900$439,379
40357North Middletown, KY 4035717.5 mi0$0$199,000$199,000
40324Georgetown, KY 4032420.1 mi247$105,989,676$405,850$429,108
40385Waco, KY 4038521.9 mi10$3,364,130$329,000$336,413
40353Mount Sterling, KY 4035323.3 mi83$34,634,572$285,000$417,284

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40509?

As of February 2026, there are 186 active listings in LEXINGTON, KY (zip code 40509), compared to 154 the prior year.

What is the median home price in LEXINGTON, KY 40509?

The median listing price in LEXINGTON, KY 40509 is $511,175 as of February 2026, a 9.8% decrease from $566,400 the prior year.

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

Homes in LEXINGTON, KY 40509 spend an average of 79 days on the market before going under contract, compared to 86 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40509?

Based on current inventory and days-on-market data as of February 2026, LEXINGTON, KY 40509 is currently a Balanced Market. Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice. Homes are selling faster, averaging 79 days on market compared to 86 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 40509 save an estimated $10,224 compared to a typical 5% commission on the median listing price of $511,175. 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.