Is Lexington, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lexington was a Seller's Market.
Housing Prices in Lexington, OK
How much do homes in Lexington, OK cost?
Median Sold Price
$215,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lexington was $215,000 in April 2024, up 19.3% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $34.9K | $31.5K | -9.7% |
2 Bedrooms | $97K | $137.5K | +41.8% |
3 Bedrooms | $178.5K | $226.1K | +26.7% |
4 Bedrooms | $304.5K | $230K | -24.5% |
5+ Bedrooms | - | $190K | N/A |
Summary: Lexington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 41.8%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lexington | $180.2K | $215K | +19.3% |
East Cleveland | $277.3K | $265.5K | -4.3% |
Housing Supply in Lexington, OK
How many homes are available in Lexington, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 34 | +9.7% |
Summary: The Lexington real estate market had 34 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lexington 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 2 | -77.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lexington in April 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lexington, OK
How long does it take to sell a home in Lexington, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 38 Days | +420.3% |
Summary: Homes in Lexington had an average of 38 days on market in Apr 2024, up by 420.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Lexington; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.