Is Lexington, VA 24450 a buyer’s or seller’s market?
Lexington is a seller’s market. With about 2.7 months of supply and 24% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 61% of U.S. ZIP codes, and #194 of 358 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Lexington housing market right now
In the three months ending August 31, 2026, 24% of homes in Lexington, VA 24450 sold above their list price, the typical home went under contract in 24 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 60 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 19%, homes sold more slowly (19 days then) and the median sale price fell 4% to $374,338. Overall, Lexington is more competitive than a year ago, so tougher for buyers.
Within Rockbridge County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Lexington ranks #194 of 358 VA ZIP codes with enough sales (score 59 out of 100).
Nearby, buyers who want less competition could look at Natural Bridge Station 24579 (0% sold over asking) or Vesuvius 24483 (0% sold over asking), while Glasgow 24555 (40% sold over asking) is even more competitive.
Run the numbers for 24450
Nearby markets
Buena Vista 24416Seller’s market $150 /sq ftFairfield 24435Seller’s market $218 /sq ftGlasgow 24555Seller’s market $158 /sq ftGoshen 24439Buyer’s market $257 /sq ft Browse all markets →Towns like Lexington nearby
Find towns like Lexington in other states →Where Lexington is
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Questions about Lexington real estate
Is Lexington a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Lexington, VA 24450 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lexington?
The typical home went under contract in 24 days in the latest three months.
Do homes in Lexington sell over asking?
24% of homes sold above their original list price, and the typical sale closed at 98.7% of the list price.
What are property taxes in Lexington?
About 0.60% of a home’s value a year in Rockbridge County, or roughly $2,400 on a $400,000 home.
What is the median home price in Lexington?
The median sale price was $374,338 in the three months ending August 31, 2026, about $225 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology