Is Lexington, IL 61753 a buyer’s or seller’s market?
Lexington is a seller’s market. With about 2.7 months of supply and 29% 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, 29% of homes in Lexington, IL 61753 sold above their list price, the typical home went under contract in 51 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (35 days then) and the median sale price rose 53% to $331,756. Overall, Lexington is less competitive than a year ago, which gives buyers more room.
Within McLean County, homes here sell more slowly than in 81% of the county’s ZIP codes, and sell less often over asking than in 57%.
Nearby, buyers who want less competition could look at Towanda 61776 (0% sold over asking) or Mc Lean 61754 (0% sold over asking), while Arrowsmith 61722 (100% sold over asking) and Shirley 61772 (100% sold over asking) are even more competitive.
Run the numbers for 61753
Nearby markets
Anchor 61720 $124 /sq ftArrowsmith 61722Seller’s market $114 /sq ftBellflower 61724Seller’s market $182 /sq ftBloomington 61701Seller’s market $114 /sq ft Browse all markets →Towns like Lexington nearby
Find towns like Lexington in other states →Where Lexington is
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Questions about Lexington real estate
Is Lexington a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Lexington, IL 61753 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 51 days in the latest three months.
Do homes in Lexington sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Lexington?
About 2.17% of a home’s value a year in McLean County, or roughly $8,680 on a $400,000 home.
What is the median home price in Lexington?
The median sale price was $331,756 in the three months ending August 31, 2026, about $128 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