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Lexington

Why you'd want to live in Lexington

Lexington blends influences from the South and Midwest to create a cultural identity all its own. A college town, Lexington is home to the University of Kentucky, which is the city's largest school and employer. The university plays an important role in the city by providing a constant influx of young, educated people into the culture and economy. Sometimes called the Horse Capital of the World, Lexington relies on the equestrian industry as a main economic driver, and it's a huge part of the city's culture. Horse farms surround the city on all sides, many streets are named after Triple Crown winners and horse statues are displayed in parking lots and city parks. The horse industry is so important to Lexington that zoning restrictions are in place to protect hundreds of neighboring farms from urban sprawl. You don't have to love horses to love Lexington (but if you really hate them, it may not be the place for you). Lexingtonians also love college basketball, locally sourced cuisine, outdoor recreation and of course, bourbon. The region has a variety of industries, a temperate climate and plenty of access to the great outdoors. The area's population is on the rise, but the cost of living is still relatively low. Combined with a diverse job market and a stable economy, this makes Lexington an ideal place for young professionals, families and retirees. via realestate.usnews.com

Lexington Market Report

$501,290

AVERAGE PRICE OF 915 HOMES

$362,500

AVERAGE PRICE OF 2 DISTRESSED HOMES

$1,811,684

AVERAGE PRICE OF 61 MULTI-MILLION DOLLAR HOMES

$542,268

AVERAGE PRICE OF 204 NEWLY BUILT HOMES

$1,325,591

AVERAGE PRICE OF 38 HOMES WITH A POOL

$510,952

AVERAGE PRICE OF 50 REDUCED PRICE HOMES

Average Home

Average Price $501,290
Avg Bedrooms 3.49 beds
Avg Bathrooms 2.86 baths

Average Price by Bedrooms

1 bedroom $246,254
2 bedrooms $295,483
3 bedrooms $360,137
4 bedrooms $555,557
5 bedrooms $836,851
Lexington Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 809 754 686 668 711
Average Price $511,217 $509,682 $505,850 $505,987 $499,562
Avg Price Change +0.30% +0.76% -0.03% +1.29% -0.24%
Median Price $375,831 $384,712 $384,071 $380,997 $374,211
Med Price Change -2.36% +0.17% +0.81% +1.81% -0.32%
Avg Bedrooms 3.48 beds 3.51 beds 3.5 beds 3.5 beds 3.47 beds
Avg Bathrooms 2.82 baths 2.83 baths 2.82 baths 2.84 baths 2.79 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Bryan Station 188 $467,934 77 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 915 $501,290 65 days
Distressed Homes 2 $362,500 325 days
Multi-Million Dollar Homes 61 $1,811,684 92 days
Newly Built Homes 204 $542,268 126 days
Homes with a Pool 38 $1,325,591 69 days
Reduced Price Homes 50 $510,952 39 days
Keller Williams Legacy Group - The Lawwill & Company Team
230 Geri Lane
Richmond, KY 40475
859-361-6880

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Ben Lawwill - Keller Williams Legacy Group - The Lawwill & Company Team are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX brokers.
Data from other IDX's is "deemed reliable but not guaranteed."
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