Is Lexington, OH 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 December 2023

At the same time last year, 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, OH

How much do homes in Lexington, OH cost?

Median Sold Price

$289,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$62,150(+27.4%)

Key Takeaway

Homes in Lexington have sold for 27.4% more than they did a year ago.

Summary: The median home sold price in Lexington was $289,000 in December 2024, up 27.4% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $130K-
N/A
3 $210K$250.2K
+19.2%
4 $310K$342.5K
+10.5%
5+ $960K$323.1K
-66.3%

Summary: Lexington housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 66.3%.

Median Sold Price Compared To Nearby Cities

Lexington
+27.4%
Troy Township
+7.3%
Washington Township
-12.9%

Housing Supply in Lexington, OH

How many homes are available in Lexington, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
56+20.0%

Summary: The Lexington real estate market had 6 homes for sale in December 2024, a 20.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 23
+50.0%
5+ 11
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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lexington, you could pay more than the asking price. 100% of homes here sold above 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, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Lexington, OH

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

Average Sale Time

Dec 2023Dec 2024CHANGE
1 Day13 Days+1200.0%

Summary: Homes in Lexington had an average of 13 days on market in Dec 2024, up by 1200% compared to last year.

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, OH

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