Is Lexington, KY 40502 a buyer’s or seller’s market?

The Lexington housing market right now

In the three months ending August 31, 2026, 18% of homes in Lexington, KY 40502 sold above their list price, the typical home went under contract in 36 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 117 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold more slowly (34 days then) and the median sale price rose 24% to $705,195. Overall, Lexington is less competitive than a year ago, which gives buyers more room.

Within Fayette County, homes here sell more slowly than in 69% of the county’s ZIP codes, and sell less often over asking than in 85%. On our competition score, Lexington ranks #64 of 160 KY ZIP codes with enough sales (score 49 out of 100).

Nearby, buyers who want less competition could look at Lexington 40507 (0% sold over asking) or Lexington 40508 (12% sold over asking), while Lexington 40513 (45% sold over asking) and Lexington 40504 (38% sold over asking) are even more competitive.