Is Lexington, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lexington has remained a Seller's Market.
Housing Prices in Lexington, VA
How much do homes in Lexington, VA cost?
Median Sold Price
$370,000
$153/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Lexington was $370,000 in May 2024, up 131.3% from last month, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $175K | $370K | +111.4% |
3 Bedrooms | $146.7K | $218.5K | +48.9% |
4 Bedrooms | $322.5K | - | N/A |
5+ Bedrooms | - | $642K | N/A |
Summary: Lexington housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 111.4%, 3 bedroom homes increased by 48.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Kerrs Creek | $133.5K | $506K | +279.0% |
Lexington | $160K | $370K | +131.3% |
Housing Supply in Lexington, VA
How many homes are available in Lexington, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 14 | -6.7% |
Summary: The Lexington real estate market had 14 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lexington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lexington in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lexington, VA
We’re sorry, we don't have information for this market at the moment