Is Lexington, AL 35648 a buyer’s or seller’s market?
Lexington is a seller’s market. With about 1.8 months of supply and 11% 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.
The Lexington housing market right now
In the three months ending August 31, 2026, 11% of homes in Lexington, AL 35648 sold above their list price, the typical home went under contract in 41 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (20 days then) and the median sale price fell 2% to $214,907. Overall, Lexington is less competitive than a year ago, which gives buyers more room.
Within Lauderdale County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell more often over asking than in 57%.
Nearby, buyers who want less competition could look at Waterloo 35677 (0% sold over asking) or Anderson 35610 (0% sold over asking), while Florence 35633 (22% sold over asking) and Florence 35634 (17% sold over asking) are even more competitive.
Run the numbers for 35648
Nearby markets
Anderson 35610Buyer’s market $150 /sq ftFlorence 35630Balanced $132 /sq ftFlorence 35633Seller’s market $144 /sq ftFlorence 35634Balanced $150 /sq ft Browse all markets →Towns like Lexington nearby
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Questions about Lexington real estate
Is Lexington a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Lexington, AL 35648 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 41 days in the latest three months.
Do homes in Lexington sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in Lexington?
About 0.38% of a home’s value a year in Lauderdale County, or roughly $1,520 on a $400,000 home.
What is the median home price in Lexington?
The median sale price was $214,907 in the three months ending August 31, 2026, about $148 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