Is Lexington, KY 40513 a buyer’s or seller’s market?
Lexington is a seller’s market. With about 3 months of supply and 45% 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 80% of U.S. ZIP codes, and #3 of 160 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, 45% of homes in Lexington, KY 40513 sold above their list price, the typical home went under contract in 24 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 41 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 19%, homes sold faster (30 days then) and the median sale price fell 7% to $608,487. Overall, Lexington is more competitive than a year ago, so tougher for buyers.
Within Fayette County, homes here sell faster than in 85% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Lexington ranks #3 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).
Run the numbers for 40513
Nearby markets
Lexington 40502Seller’s market $253 /sq ftLexington 40503Seller’s market $212 /sq ftLexington 40504Seller’s market $184 /sq ftLexington 40505Seller’s market $170 /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 3 months of supply in Lexington, KY 40513 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?
45% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.
What are property taxes in Lexington?
About 0.87% of a home’s value a year in Fayette County, or roughly $3,480 on a $400,000 home.
What is the median home price in Lexington?
The median sale price was $608,487 in the three months ending August 31, 2026, about $201 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