The Lexington-Fayette housing market is very competitive. The median sale price of a home in Lexington-Fayette was $315K last month, up 15.5% since last year. The median sale price per square foot in Lexington-Fayette is $181, up 8.7% since last year.
What is the housing market like in Lexington-Fayette today?
In March 2024, Lexington-Fayette home prices were up 15.5% compared to last year, selling for a median price of $315K. On average, homes in Lexington-Fayette sell after 22 days on the market compared to 16 days last year. There were 276 homes sold in March this year, down from 290 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$314,910
+15.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lexington-Fayette, KY
$314,910
+15.5%
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 26 days.
0
100
71
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 26 days.
Hot homes
can sell for about 1% above list price and go pending in around 4 days.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lexington-Fayette, KY
99.2%
+0.09 pt
United States
Lexington-Fayette Migration & Relocation Trends
In Jan '24 - Mar '24, 29% of Lexington-Fayette homebuyers searched to move out of Lexington-Fayette, while 71% 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?
71% of Lexington-Fayette homebuyers searched to stay within the Lexington-Fayette metropolitan area.
Miami was the most popular destination among Lexington-Fayette homebuyers followed by Cape Coral and Myrtle Beach.
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|
5 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|
12 Weeks Ago
~$225K Offer
Sold for $250K
3bd | 2ba | ~1,250sqft
Over List Price
2%
Days on Market
3
Competing Offers
10
Down Payment
—
Rebecca Worth
Lexington-Fayette Redfin Agent
View houses in Lexington-Fayette that sold recently
Homes in this area are served by the Jessamine County and Fayette County.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Squires Elementary School
Public • PreK-5
614
Students
4 reviews
8/10
Sandersville Elementary School
Public • PreK-5
617
Students
5 reviews
8/10
Picadome Elementary School
Public • PreK-5
487
Students
5 reviews
8/10
Clays Mill Elementary School
Public • K-5
557
Students
2 reviews
8/10
Glendover Elementary School
Public • PreK-5
622
Students
6 reviews
Only showing 5 of
60 elementary schools.
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