Is Lexington, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lexington is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Lexington was a Seller's Market.

Key Takeaway

Lexington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lexington, IL

How much do homes in Lexington, IL cost?

Median Sold Price

$163,000

$133/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$2,000(-1.2%)

Key Takeaway

Homes in Lexington have sold for 1.2% less than they did a month ago.

Summary: The median home sold price in Lexington was $163,000 in December 2024, down 1.2% from last month, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $165K$163K
-1.2%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Lexington housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lexington
-1.2%
Lexington Township
-1.2%

Housing Supply in Lexington, IL

How many homes are available in Lexington, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
76-14.3%

Summary: The Lexington real estate market had 6 homes for sale in December 2024, a 14.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 01
+100.0%
4 11
0.0%
5+ 22
0.0%

Summary: The Lexington housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lexington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Lexington in December 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lexington, IL

How long does it take to sell a home in Lexington, IL?

Average Sale Time

Nov 2024Dec 2024CHANGE
2 Days14 Days+460.0%

Summary: Homes in Lexington had an average of 14 days on market in Dec 2024, up by 460% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lexington are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Lexington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Lexington, IL

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