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LEXINGTON, KY 40511

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

Neighborhoods in ZIP 40511

Bracktown Rd · Georgetown · Green Acres (Hollow Creek) · Griffin Gate · Highlands · Highlands Park · Jimtown · Masterson Station · Meadowthorpe · Oakwood · Spindletop · St. Martins Village · Winburn

Market Analysis

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

The LEXINGTON, KY real estate market (40511) currently shows 158 active listings, with 98 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 50 days on market compared to 29 days last year.

The median listing price has fallen 2.1% year-over-year, from $385,785 to $377,500.

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: 34,873  ·  Density: 156.5/mi²  ·  Median household income: $76,863

Typical home value: $213,411  ·  Homeownership: 63.2%

Market Overview

Active Listings
158
⇧ 4.6% vs 151 last year
Pending
98
62% pending ratio
Median Price
$377,500
⇩ 2.1% vs $385,785 last year
Average Price
$650,878
⇧ 24.7% vs $522,152 last year
Days on Market
50
⇧ 72.4% vs 29 days last year

Price Per Square Foot

Median $/sqft
$189
⇧ 6.8% vs $177/sqft last year
Median Home Size
2,046 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 158 this year vs 151 last year
  • Days on market: 50 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $377,500 (-2.1% YoY)
  • Average: $650,878 (+24.7% 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 21.9 miles — 1,392 listings ($727,239,937 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
40511Lexington, KY 405110.0 mi157$101,565,498$365,445$646,914
40508Lexington, KY 405085.9 mi47$13,177,484$235,000$280,372
40516Lexington, KY 405167.1 mi4$11,526,668$2,650,000$2,881,667
40510Lexington, KY 405108.1 mi2$3,798,900$1,899,450$1,899,450
40324Georgetown, KY 403248.9 mi247$105,989,676$405,850$429,108
40517Lexington, KY 4051710.3 mi89$24,214,586$249,900$272,074
40509Lexington, KY 4050911.2 mi218$121,445,402$499,000$557,089
40347Midway, KY 4034713.4 mi13$12,350,975$529,500$950,075
40515Lexington, KY 4051515.0 mi117$75,894,858$583,331$648,674
40379Stamping Ground, KY 4037916.8 mi4$2,149,876$535,000$537,469
40356Nicholasville, KY 4035618.6 mi287$157,864,637$419,900$550,051
40391Winchester, KY 4039121.2 mi141$66,579,495$335,000$472,195
41031Cynthiana, KY 4103121.9 mi66$30,681,882$345,000$464,877

Frequently Asked Questions

How many homes are for sale in LEXINGTON, KY 40511?

As of February 2026, there are 158 active listings in LEXINGTON, KY (zip code 40511), compared to 151 the prior year.

What is the median home price in LEXINGTON, KY 40511?

The median listing price in LEXINGTON, KY 40511 is $377,500 as of February 2026, a 2.1% decrease from $385,785 the prior year.

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

Homes in LEXINGTON, KY 40511 spend an average of 50 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in LEXINGTON, KY 40511?

Based on current inventory and days-on-market data as of February 2026, LEXINGTON, KY 40511 is currently a Buyer's Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 50 days on market compared to 29 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 40511 save an estimated $7,550 compared to a typical 5% commission on the median listing price of $377,500. 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.