Is Lexington-Fayette Southeast, 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 Southeast has remained a Seller's Market.
Housing Prices in Lexington-Fayette Southeast, KY
How much do homes in Lexington-Fayette Southeast, KY cost?
Median Sold Price
$280,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lexington-Fayette Southeast was $280,000 in April 2024, up 5.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.3K | $115K | +9.2% |
2 Bedrooms | $183K | $191K | +4.4% |
3 Bedrooms | $250K | $262.5K | +5.0% |
4 Bedrooms | $367K | $376.7K | +2.7% |
5+ Bedrooms | $525.7K | $529K | +0.6% |
Summary: Lexington-Fayette Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Nicholasville | $295K | $325K | +10.2% |
Lexington-Fayette | $295K | $314.4K | +6.6% |
Lexington | $295.1K | $313.3K | +6.2% |
Lexington-Fayette Southeast | $264.9K | $280K | +5.7% |
Housing Supply in Lexington-Fayette Southeast, KY
How many homes are available in Lexington-Fayette Southeast, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
182 | 213 | +17.0% |
Summary: The Lexington-Fayette Southeast real estate market had 213 homes for sale in April 2024, a 17.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 24 | 27 | +12.5% |
3 Bedrooms | 67 | 83 | +23.9% |
4 Bedrooms | 56 | 68 | +21.4% |
5+ Bedrooms | 34 | 33 | -2.9% |
Summary: The Lexington-Fayette Southeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 67 | +24.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Lexington-Fayette Southeast in April 2024, up by 24.1% month-over-month. Of the 67 sold homes, 31% were sold under asking, 33% were sold at asking, and 36% were sold over asking.
Days on Market for Lexington-Fayette Southeast, KY
How long does it take to sell a home in Lexington-Fayette Southeast, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 27 Days | +66.9% |
Summary: Homes in Lexington-Fayette Southeast had an average of 27 days on market in Apr 2024, up by 66.9% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 67 homes were sold in Lexington-Fayette Southeast; 76% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.