Is Lexington, KY 40502 a buyer’s or seller’s market?

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

Lexington is a seller’s market. With about 2.2 months of supply and 18% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.2Under 4 months = seller’s market

Sold above original list17.5%Share of sales, last 3 months

Median sale-to-list97.6%Sold price ÷ list price

Median days on market36Listing to accepted offer

Median price per sq ft$253▼ −0.4% vs. last year

Run the numbers for 40502

Prefilled for 40502Can I win this house?Multiple-offer likelihood for a listing Prefilled for 40502Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Lexington 40503Seller’s market $212 /sq ft Lexington 40504Seller’s market $184 /sq ft Lexington 40505Seller’s market $170 /sq ft Lexington 40507Balanced $323 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology