Is Lexington, KY 40504 a buyer’s or seller’s market?

The Lexington housing market right now

In the three months ending August 31, 2026, 38% of homes in Lexington, KY 40504 sold above their list price, the typical home went under contract in 23 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 63 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 24%, homes sold faster (32 days then) and the median sale price rose 10% to $284,877. Overall, Lexington is more competitive than a year ago, so tougher for buyers.

Within Fayette County, homes here sell faster than in 92% of the county’s ZIP codes, and sell more often over asking than in 92%. On our competition score, Lexington ranks #7 of 160 KY ZIP codes with enough sales (score 75 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) is even more competitive.