Why Live in Lexington
Lexington is a small Shenandoah Valley city known for its two universities, a historic downtown and views of the Blue Ridge Mountains. “I feel very fortunate to have lived here my whole life,” says Mary Beth Harris, a Realtor with James River Realty. “As a child, I wanted to get away from Lexington because it was too small and I wanted a big city, but as I’ve gotten older, I love the quaintness of it, the sense of community and the kindness of everybody.” The Virginia Military Institute and Washington and Lee University anchor the community, and the area is also known for its Civil War history. Nearby parks and national forests provide hiking opportunities, and Interstate 81 makes it easy to get to other valley cities like Staunton and Roanoke. Lexington is surrounded by farmland, but the city itself has narrow streets lined with turn-of-the-century homes with landscaped yards. Common styles here include Colonial Revival, Craftsman and American Foursquare, and there are also some midcentury ranch-style and Cape Cods. On the city’s outskirts, late-1900s colonial and ranch-style homes on spacious lots become more common, and there are also subdivisions with Craftsman-inspired new
Home Trends in Lexington, VA
On average, homes in Lexington, VA sell after 57 days on the market compared to the national average of 50 days. The median sale price for homes in Lexington, VA over the last 12 months is $407,993, up 10% from the median home sale price over the previous 12 months.
Median Sale Price
$407,993
Median Single Family Sale Price
$400,000
Median Townhouse Sale Price
$342,990
Median 2 Bedroom Sale Price
$259,000
Median 1 Bedroom Sale Price
$120,000
Average Price Per Sq Ft
$220
Number of Homes for Sale
45
Last 12 months Home Sales
223
Median List Price
$425,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
10%