Is Lexington, IN 47138 a buyer’s or seller’s market?
Lexington is a seller’s market. With about 1.5 months of supply and 9% 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, 9% of homes in Lexington, IN 47138 sold above their list price, the typical home went under contract in 82 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold more slowly (73 days then) and the median sale price rose 49% to $319,862. Overall, Lexington is less competitive than a year ago, which gives buyers more room.
Within Jefferson County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Dupont 47231 (0% sold over asking) or Deputy 47230 (0% sold over asking), while Hanover 47243 (14% sold over asking) is even more competitive.
Run the numbers for 47138
Nearby markets
Canaan 47224 — /sq ftDeputy 47230Buyer’s market $129 /sq ftDupont 47231Seller’s market $111 /sq ftHanover 47243Balanced $181 /sq ft Browse all markets →Towns like Lexington nearby
Find towns like Lexington in other states →Where Lexington is
Loading map…
Questions about Lexington real estate
Is Lexington a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Lexington, IN 47138 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 82 days in the latest three months.
Do homes in Lexington sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Lexington?
About 0.64% of a home’s value a year in Jefferson County, or roughly $2,560 on a $400,000 home.
What is the median home price in Lexington?
The median sale price was $319,862 in the three months ending August 31, 2026, about $151 per square foot.
Local agents
See all agents in 47138 →No sponsored agents in 47138 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 47138
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology