Is Lexington, OK 73051 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Lexington is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list97.2%Sold price ÷ list price
Median days on market43Listing to accepted offer
Median price per sq ft$154▲ +13.2% vs. last year

The Lexington housing market right now

In the three months ending August 31, 2026, 20% of homes in Lexington, OK 73051 sold above their list price, the typical home went under contract in 43 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 7%, homes sold more slowly (31 days then) and the median sale price rose 7% to $219,855. Overall, Lexington is more competitive than a year ago, so tougher for buyers.

Within Cleveland County, homes here sell more slowly than in 70% of the county’s ZIP codes, and sell more often over asking than in 70%.

Nearby, buyers who want less competition could look at Oklahoma City 73173 (13% sold over asking) or Norman 73069 (15% sold over asking), while Oklahoma City 73160 (33% sold over asking) and Oklahoma City 73165 (22% sold over asking) are even more competitive.

Nearby markets

Newalla 74857Seller’s market $172 /sq ftNoble 73068Seller’s market $149 /sq ftNorman 73026Seller’s market $169 /sq ftNorman 73069Seller’s market $181 /sq ft Browse all markets →

Where Lexington is

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Questions about Lexington real estate

Is Lexington a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Lexington, OK 73051 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 43 days in the latest three months.

Do homes in Lexington sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.

What are property taxes in Lexington?

About 1.00% of a home’s value a year in Cleveland County, or roughly $4,000 on a $400,000 home.

What is the median home price in Lexington?

The median sale price was $219,855 in the three months ending August 31, 2026, about $154 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