Is Lexington, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lexington was a Seller's Market.
Housing Prices in Lexington, OH
How much do homes in Lexington, OH cost?
Median Sold Price
$246,250
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lexington was $246,250 in May 2024, up 7.4% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $97.7K | - | N/A |
3 Bedrooms | $179K | $210K | +17.3% |
4 Bedrooms | $342.7K | $305K | -11.0% |
5+ Bedrooms | $359.5K | $420K | +16.8% |
Summary: Lexington housing prices by bedroom type for May 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 17.3%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
Lexington | $229.3K | $246.2K | +7.4% |
Troy Township | $249.9K | $262K | +4.8% |
Housing Supply in Lexington, OH
How many homes are available in Lexington, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Summary: The Lexington real estate market had 6 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lexington housing inventory by bedroom type for May 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -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
Summary: A total of 1 homes were sold or pending in Lexington in May 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
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 41 Days | +720.0% |
Summary: Homes in Lexington had an average of 41 days on market in May 2024, up by 720% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 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.