Is Lexington-Fayette Central, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lexington-Fayette Central has remained a Seller's Market.
Housing Prices in Lexington-Fayette Central, KY
How much do homes in Lexington-Fayette Central, KY cost?
Median Sold Price
$311,453
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lexington-Fayette Central was $311,453 in April 2024, up 8.3% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157.4K | $175K | +11.1% |
2 Bedrooms | $215K | $237.5K | +10.5% |
3 Bedrooms | $283.3K | $295.8K | +4.4% |
4 Bedrooms | $399.1K | $400K | 0.2% |
5+ Bedrooms | $650K | $570K | -12.3% |
Summary: Lexington-Fayette Central housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 12.3%.
Median Sold Price Compared To Nearby Cities
Lexington-Fayette Central | $287.7K | $311.4K | +8.3% |
Lexington-Fayette Southwest | $325K | $350K | +7.7% |
Lexington-Fayette | $295K | $314.4K | +6.6% |
Lexington | $295.1K | $313.3K | +6.2% |
Lexington-Fayette Northwest | $278.7K | $285K | +2.3% |
Housing Supply in Lexington-Fayette Central, KY
How many homes are available in Lexington-Fayette Central, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
265 | 303 | +14.3% |
Summary: The Lexington-Fayette Central real estate market had 303 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 12 | +33.3% |
2 Bedrooms | 49 | 53 | +8.2% |
3 Bedrooms | 111 | 140 | +26.1% |
4 Bedrooms | 76 | 74 | -2.6% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Lexington-Fayette Central housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 77 | +5.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Lexington-Fayette Central in April 2024, up by 5.5% month-over-month. Of the 77 sold homes, 39% were sold under asking, 31% were sold at asking, and 30% were sold over asking.
Days on Market for Lexington-Fayette Central, KY
How long does it take to sell a home in Lexington-Fayette Central, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 15 Days | +15.1% |
Summary: Homes in Lexington-Fayette Central had an average of 15 days on market in Apr 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 77 homes were sold in Lexington-Fayette Central; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.