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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

Lexington Market Report

$623,760

AVERAGE PRICE OF 970 HOMES

$403,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,604,945

AVERAGE PRICE OF 94 MULTI-MILLION DOLLAR HOMES

$630,237

AVERAGE PRICE OF 206 NEWLY BUILT HOMES

$1,496,230

AVERAGE PRICE OF 43 HOMES WITH A POOL

$556,218

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $623,760
Avg Bedrooms 3.31 beds
Avg Bathrooms 2.7 baths

Average Price by Bedrooms

1 bedroom $274,762
2 bedrooms $379,815
3 bedrooms $392,963
4 bedrooms $541,799
5 bedrooms $1,031,205
Lexington Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 1,024 1,009 662 n/a n/a
Average Price $616,494 $626,187 $737,518 n/a n/a
Avg Price Change -1.57% -17.78% n/a n/a n/a
Median Price $393,585 $387,263 $420,800 n/a n/a
Med Price Change +1.63% -8.66% n/a n/a n/a
Avg Bedrooms 3.26 beds 3.26 beds 3.18 beds n/a n/a
Avg Bathrooms 2.66 baths 2.66 baths 2.66 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Henry Clay 200 $684,845 57 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 970 $623,760 55 days
Distressed Homes 2 $403,000 97 days
Multi-Million Dollar Homes 94 $2,604,945 65 days
Newly Built Homes 206 $630,237 60 days
Homes with a Pool 43 $1,496,230 57 days
Reduced Price Homes 27 $556,218 47 days
simpliHOM
Justin Satterwhite
2333 Alexandria Dr Suite 106
Lexington, KY 40504
859-983-1045

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 Justin Satterwhite - Building The Bluegrass Realty 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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