Is Lexington, KY 40508 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Lexington is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.3Under 4 months = seller’s market

Sold above original list11.8%Share of sales, last 3 months

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

Median days on market49Listing to accepted offer

Median price per sq ft$240▼ −1.6% vs. last year

Run the numbers for 40508

Prefilled for 40508Can I win this house?Multiple-offer likelihood for a listing Prefilled for 40508Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Lexington 40502Seller’s market $253 /sq ft Lexington 40503Seller’s market $212 /sq ft Lexington 40504Seller’s market $184 /sq ft Lexington 40505Seller’s market $170 /sq ft Browse all markets →

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