Is Lexington, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lexington is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Lexington has remained a Seller's Market.

Key Takeaway

Lexington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lexington, IL cost?

Median Sold Price

$145,500

$92/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

-$7,500(-4.9%)

Key Takeaway

Homes in Lexington have sold for 4.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $128K$117K
-8.6%
3 $131K$145K
+10.7%
4 $180.5K$207.5K
+15.0%
5+ $165K-
N/A

Median Sold Price Compared To Nearby Cities

Money Creek Township
+11.0%
Lexington
-4.9%
Lexington Township
-8.3%

How many homes are available in Lexington, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
98-11.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 21
-50.0%
3 56
+20.0%
4 21
-50.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lexington, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
2 Days36 Days+1278.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lexington are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lexington, IL

Lexington, IL has 8 homes for sale to choose from. The number of listings in Lexington, IL decreased by 11.1% between July 2022 and August 2022. While the average time on the market in August 2022 was 36 days, the median list price was $145,500. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 8.6%, 3 bedrooms properties prices increased by 10.7%, 4 bedrooms properties prices increased by 15%, prices of 5 bedrooms properties increased by 0%. This housing market inventory have changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 50%, the quantity of 3 bedrooms homes went up by 20%, 4 bedrooms homes became 50% less available, 5 bedrooms homes inventory did not change. Lexington, IL housing market in August 2022 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 1 sold below.

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