Housing Prices in Lexington, VA

How much do homes in Lexington, VA cost?

Median List Price

$455,000

$184/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$56,000(+14.0%)

Key Takeaway

The list price of homes in Lexington has increased by 14% since last year.

Summary: The median home list price in Lexington was $455,000 in October 2024, up 14% from the previous year, and the median price per square foot was $184.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $299.9K-
N/A
2 $140.5K$185K
+31.7%
3 $350K$412K
+17.7%
4 $589.9K$684.5K
+16.0%
5+ $843.9K$694K
-17.8%

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 increased by 31.7%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 17.8%.

Median List Price Compared To Nearby Cities

Lexington
+14.0%
Lexington
+10.4%
Walkers Creek
-6.1%
Kerrs Creek
-11.6%

Housing Supply in Lexington, VA

How many homes are available in Lexington, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
46+50.0%

Summary: The Lexington real estate market had 6 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 12
+100.0%
4 22
0.0%
5+ 12
+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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Days on Market for Lexington, VA

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

Average Listing Age

Oct 2023Oct 2024CHANGE
87 Days241 Days+177.1%

Summary: Homes in Lexington had an average listing age of 241 days in Oct 2024, up by 177.1% compared to the previous year.

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

Report Updated 14 Days Ago

Newest Listings in Lexington, VA

Nearby Markets to Lexington, VA

What housing markets are near Lexington, VA?