Lexington Homes & Real Estate

Lexington Real Estate Market

The real estate market in Lexington offers homebuyers a wide variety of options in home styles but remains very affordable. As of January of 2018, the median sale price of a home here was $183,000, or $120 per square foot on average. Keeping that in mind, realize that this is a large and modern city with a good deal of attention from those who wish to buy a home here. The area also has over 900 homes listed for sale in the metro area. From the period of May 2017 through August 2017, over 1240 homes were sold. This shows the demand within the market. Lexington is very much an affordable place to live and buy a home. Still, homes for sale are in demand, with a moderate inventory available. With home values rising about five percent from January of 2017 to January of 2018, home values are likely to continue to rise.

The homes for sale in Lexington range in size. Most homes are single family properties with two or three bedrooms. Homeowners are likely to enjoy a larger than average backyard and may even be living in a tree-lined suburban community. It is also possible to buy a condo, townhome, or apartment here. Bi-level homes, ranches, Colonials, and Victorians are the most common styles present.

Lexington Community Amenities

While horse racing and horse life is a big part of Lexington, this is a modern city with a wide range of amenities available to residents. A number of historical buildings are here including the Pope Villa, which dates to 1811. The city offers college athletics programs but is also home to a strong community sports program. The city works hard to manage the planning and development within it. Though it is working to build homes for its increasing population, it is also working to preserve much of the city’s horse pastures and open space.

Lexington Neighborhood Highlights

• Is known for its numerous annual festivals and events including Mayfest Arts Fair, Bluegrass and Broadway and more
• Lexington is mainly well known for horse racing, and is known as "The Horse Racing Capital of the World"
• The city is also home to Rupp Arena, the largest basketball-specific arena in the world
• The city is rich with history, and that is reflected with the abundance of museums and historical structures around town
• Lexington is big on its sports, locals and visitors alike can enjoy college and professional sports year-round

Lexington School Information

Numerous colleges are located in Lexington including Bluegrass Community and Technical College, Strayer University, and Asbury University. The city’s residents are served by the Fayette County Public Schools. It is made up of 37 elementary schools, 12 middle schools, and multiple high schools.

With very low home prices and such a diverse number of amenities to offer, Lexington is the ideal place to buy a home. Residents love the proximity to the area amenities, but it is also easy to see that home values will likely rise in the coming years, helping homebuyers to build equity quickly. Lexington property owners can appreciate their nature-focused landscape while still being able to find shopping, parks, recreation, and employment all within the metro area.

Lexington Real Estate Agents

Thinking of buying or selling a home in Lexington? Let our local Kentucky real estate agents help guide you through the purchase of your next property or expertly negotiate the sale of your current Lexington home. As local Lexington, KY real estate agents, we’re experts on the market dynamics unique to the Lexington real estate market. We’ll get to work for you today!