Is Lexington, TN 38351 a buyer’s or seller’s market?

The Lexington housing market right now

In the three months ending August 31, 2026, 11% of homes in Lexington, TN 38351 sold above their list price, the typical home went under contract in 50 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 45 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold more slowly (42 days then) and the median sale price rose 18% to $264,885. Overall, Lexington is more competitive than a year ago, so tougher for buyers.

Within Henderson County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Lexington ranks #171 of 299 TN ZIP codes with enough sales (score 28 out of 100).

Nearby, buyers who want less competition could look at Wildersville 38388 (0% sold over asking) or Sardis 38371 (0% sold over asking), while Darden 38328 (50% sold over asking) is even more competitive.