Is Lexington-Fayette Northeast, 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 Northeast has remained a Seller's Market.
Housing Prices in Lexington-Fayette Northeast, KY
How much do homes in Lexington-Fayette Northeast, KY cost?
Median Sold Price
$355,858
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lexington-Fayette Northeast was $355,858 in April 2024, up 7.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $177.5K | $199.2K | +12.3% |
3 Bedrooms | $264.9K | $291.9K | +10.2% |
4 Bedrooms | $430K | $445K | +3.5% |
5+ Bedrooms | $550K | $584.4K | +6.3% |
Summary: Lexington-Fayette Northeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Lexington-Fayette Central | $287.7K | $311.4K | +8.3% |
Lexington-Fayette Northeast | $330.3K | $355.8K | +7.7% |
Lexington-Fayette | $295K | $314.4K | +6.6% |
Lexington | $295.1K | $313.3K | +6.2% |
Housing Supply in Lexington-Fayette Northeast, KY
How many homes are available in Lexington-Fayette Northeast, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
218 | 215 | -1.4% |
Summary: The Lexington-Fayette Northeast real estate market had 215 homes for sale in April 2024, a 1.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 101 | 101 | 0.0% |
4 Bedrooms | 76 | 71 | -6.6% |
5+ Bedrooms | 31 | 32 | +3.2% |
Summary: The Lexington-Fayette Northeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
78 | 65 | -16.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Lexington-Fayette Northeast in April 2024, down by 16.7% month-over-month. Of the 65 sold homes, 37% were sold under asking, 34% were sold at asking, and 29% were sold over asking.
Days on Market for Lexington-Fayette Northeast, KY
How long does it take to sell a home in Lexington-Fayette Northeast, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 12 Days | -52.2% |
Summary: Homes in Lexington-Fayette Northeast had an average of 12 days on market in Apr 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 65 homes were sold in Lexington-Fayette Northeast; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.