$3,741 Closing Credit*
$315,000
2 Beds
•2 Full Baths, 1 Partial
Listing Office: Keller Williams Commonwealth
Is Lexington-Fayette Northwest, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Lexington-Fayette Northwest has remained a Seller's Market.
Key Takeaway
Lexington-Fayette Northwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lexington-Fayette Northwest, KY
How much do homes in Lexington-Fayette Northwest, KY cost?
Median Sold Price
$311,241
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$33,775(+12.2%)
Key Takeaway
Homes in Lexington-Fayette Northwest have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Lexington-Fayette Northwest was $311,241 in September 2024, up 12.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.4K | $295K | +42.2% |
| 3 Bedrooms | $260K | $285.3K | +9.7% |
| 4 Bedrooms | $354.9K | $360.6K | +1.6% |
| 5+ Bedrooms | $463.7K | $428K | -7.7% |
Summary: Lexington-Fayette Northwest housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Lexington-Fayette Northwest | $277.4K | $311.2K | +12.2% |
| Lexington-Fayette Central | $293.4K | $313.6K | +6.9% |
| Lexington-Fayette Northeast | $340.1K | $362.4K | +6.6% |
| Lexington-Fayette | $304.8K | $323K | +6.0% |
| Lexington-Fayette Southwest | $344.1K | $350K | +1.7% |
Housing Supply in Lexington-Fayette Northwest, KY
How many homes are available in Lexington-Fayette Northwest, KY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 127 | 109 | -14.2% |
Summary: The Lexington-Fayette Northwest real estate market had 109 homes for sale in September 2024, a 14.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 56 | 50 | -10.7% |
| 4 Bedrooms | 58 | 46 | -20.7% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Lexington-Fayette Northwest housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 45 | 29 | -35.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lexington-Fayette Northwest, expect to pay close to the asking price. 41.4% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in Lexington-Fayette Northwest in September 2024, down by 35.6% month-over-month. Of the 29 sold homes, 38% were sold under asking, 41% were sold at asking, and 21% were sold over asking.
Days on Market for Lexington-Fayette Northwest, KY
How long does it take to sell a home in Lexington-Fayette Northwest, KY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 7 Days | 19 Days | +154.6% |
Summary: Homes in Lexington-Fayette Northwest had an average of 19 days on market in Sep 2024, up by 154.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lexington-Fayette Northwest are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 29 homes were sold in Lexington-Fayette Northwest; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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 this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.