The Lexington-Fayette housing market is very competitive. The median sale price of a home in Lexington-Fayette was $330K last month, up 9.0% since last year. The median sale price per square foot in Lexington-Fayette is $182, up 8.7% since last year.
What is the housing market like in Lexington-Fayette today?
In April 2024, Lexington-Fayette home prices were up 9.0% compared to last year, selling for a median price of $330K. On average, homes in Lexington-Fayette sell after 24 days on the market compared to 14 days last year. There were 327 homes sold in April this year, up from 281 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$329,765
+9.0% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Lexington-Fayette, KY
$329,765
+9.0%
United States
To compare other locations to the Lexington-Fayette and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lexington-Fayette add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lexington-Fayette housing market?
Lexington-Fayette is very competitive. Homes sell in 20 days.
0
100
73
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 20 days.
Hot homes
can sell for about 1% above list price and go pending in around 3 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Lexington-Fayette, KY
99.3%
-0.64 pt
United States
Lexington-Fayette Migration & Relocation Trends
In Feb '24 - Apr '24, 31% of Lexington-Fayette homebuyers searched to move out of Lexington-Fayette, while 69% looked to stay within the metropolitan area.
Where are people moving to Lexington-Fayette from?
Across the nation, 0.13% of homebuyers searched to move into Lexington-Fayette from outside metros.
Louisville homebuyers searched to move into Lexington-Fayette more than any other metro followed by Chicago and Los Angeles.
Where are people from Lexington-Fayette moving to?
69% of Lexington-Fayette homebuyers searched to stay within the Lexington-Fayette metropolitan area.
Cincinnati was the most popular destination among Lexington-Fayette homebuyers followed by Myrtle Beach and Sarasota.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Lexington-Fayette
Explore recent offers and recently sold homes in Lexington-Fayette
Recent offers
Winning Offer|
10 Weeks Ago
~$175K Offer
3bd | 2ba | ~1,250sqft
Over List Price
0%
Days on Market
36
Competing Offers
0
Down Payment
~20%
Stacey Jones
Lexington-Fayette Redfin Agent
Offer Not Accepted|
6 Weeks Ago
~$300K Offer
Sold for $300K
3bd | 2ba | ~1,500sqft
Over List Price
1%
Days on Market
43
Competing Offers
1
Down Payment
—
Rebecca Worth
Lexington-Fayette Redfin Agent
Offer Not Accepted|
7 Weeks Ago
~$350K Offer
Sold for $375K
3bd | 2ba | ~1,750sqft
Over List Price
1%
Days on Market
3
Competing Offers
4
Down Payment
—
Rebecca Worth
Lexington-Fayette Redfin Agent
Offer Not Accepted|
6 Weeks Ago
~$300K Offer
Sold for $325K
3bd | 2ba | ~1,500sqft
Over List Price
3%
Days on Market
1
Competing Offers
10
Down Payment
—
Rebecca Worth
Lexington-Fayette Redfin Agent
10 offers on this home we went 11,000 above ask but I don't think we were close. We have been doing inspection option #2 which means we are getting inspection with no repairs. …
More
View houses in Lexington-Fayette that sold recently
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lexington-Fayette housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lexington-Fayette.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lexington-Fayette has a moderate risk of flooding. 11,480 properties in Lexington-Fayette are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Lexington-Fayette. Flood risk is increasing slower than the national average.
7% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lexington-Fayette has a moderate risk of wildfire. There are 7,918 properties in Lexington-Fayette that have some risk of being affected by wildfire over the next 30 years. This represents 7% of all properties in Lexington-Fayette.
98% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Lexington-Fayette has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lexington-Fayette is most at risk from hurricanes. 110,761 properties in Lexington-Fayette have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 61 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 69 mph.
99% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Lexington-Fayette has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Lexington-Fayette have a Moderate Heat Factor®.
Lexington-Fayette is expected to see a 185% increase in the number of days over 101ºF over the next 30 years. Lexington-Fayette is expected to experience 8