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Is Lexington, TX 78947 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 12 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list99.2%Sold price ÷ list price
Median days on market199Listing to accepted offer
Median price per sq ft$231▲ +25.0% vs. last year

The Lexington housing market right now

In the three months ending August 31, 2026, 25% of homes in Lexington, TX 78947 sold above their list price, the typical home went under contract in 199 days and there were 12 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (55 days then) and the median sale price rose 44% to $407,824. Overall, Lexington is less competitive than a year ago, which gives buyers more room.

Nearby, buyers who want less competition could look at Lincoln 78948 (0% sold over asking) or Giddings 78942 (7% sold over asking).

Run the numbers for 78947

Prefilled for 78947Can I win this house?Multiple-offer likelihood for a listing Prefilled for 78947Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Dime Box 77853 — /sq ftGiddings 78942Balanced $163 /sq ftLedbetter 78946 — /sq ftLincoln 78948 $143 /sq ft Browse all markets →

Towns like Lexington nearby

Find towns like Lexington in other states →
Red Rock, TX78662 · 36 miles away71% similarcheaper homes ($71K less) · smaller Paige, TX78659 · 17 miles away69% similarpricier homes ($30K more) · smaller Coupland, TX78615 · 19 miles away63% similarpricier homes ($122K more) · smaller Cedar Creek, TX78612 · 35 miles away63% similarlarger · younger residents

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 12 months of supply in Lexington, TX 78947 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 199 days in the latest three months.

Do homes in Lexington sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.

What are property taxes in Lexington?

About 0.96% of a home’s value a year in Lee County, or roughly $3,840 on a $400,000 home.

What is the median home price in Lexington?

The median sale price was $407,824 in the three months ending August 31, 2026, about $231 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