$3,028 Closing Credit*
$255,000
1,723 SqFt
3 Beds
•2 Full Baths
Jason Richardson, Listing Office: Aria Real Estate Group LLC
Is Lexington, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lexington was a Seller's Market.
Key Takeaway
Lexington is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lexington, OK
How much do homes in Lexington, OK cost?
Median Sold Price
$230,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+21.1%)
Key Takeaway
Homes in Lexington have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Lexington was $230,000 in October 2024, up 21.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $31.5K | - | N/A |
| 2 Bedrooms | $180.2K | $140K | -22.3% |
| 3 Bedrooms | $179.7K | $275K | +53.0% |
| 4 Bedrooms | $235K | $275K | +17.0% |
| 5+ Bedrooms | $190K | - | N/A |
Summary: Lexington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.3%, 3 bedroom homes increased by 53%, 4 bedroom homes increased by 17%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lexington | $190K | $230K | +21.1% |
| East Cleveland | $259K | $280K | +8.1% |
Housing Supply in Lexington, OK
How many homes are available in Lexington, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The Lexington real estate market had 38 homes for sale in October 2024, a 11.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lexington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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 2 homes were sold or pending in Lexington in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lexington, OK
How long does it take to sell a home in Lexington, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 58 Days | +126.5% |
Summary: Homes in Lexington had an average of 58 days on market in Oct 2024, up by 126.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lexington has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Lexington; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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