Is Lexington, MI 48450 a buyer’s or seller’s market?

The Lexington housing market right now

In the three months ending August 31, 2026, 3% of homes in Lexington, MI 48450 sold above their list price, the typical home went under contract in 70 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 40 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 18%, homes sold more slowly (29 days then) and the median sale price rose 15% to $251,391. Overall, Lexington is less competitive than a year ago, which gives buyers more room.

Within Sanilac County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Lexington ranks #507 of 510 MI ZIP codes with enough sales (score 8 out of 100).

Nearby, buyers who want less competition could look at Ubly 48475 (0% sold over asking) or Snover 48472 (0% sold over asking), while Applegate 48401 (50% sold over asking) and Melvin 48454 (50% sold over asking) are even more competitive.