Lexington, VA Foreclosures
How much do homes sell for in Lexington, VA?
The average home price is currently $437,754.
What’s the average rental cost in Lexington, VA?
The average rental price in Lexington is $1,487.
What is the most expensive home in Lexington?
The most expensive home sold in Lexington had a price of $9,517,277.
What is currently the cheapest priced home in Lexington, VA?
The cheapest home for sale in Lexington is priced at $10,881.
Living in Lexington, VA
Lexington, VA, is a picturesque city that combines historical charm with modern convenience. Nestled in the Shenandoah Valley, it offers a vibrant atmosphere enriched by two universities and a plethora of outdoor activities. Additionally, the community hosts various events that make living here both engaging and enjoyable.
Current Market Conditions in Lexington, VA
The real estate market in Lexington, VA, is currently experiencing a stable phase, with moderate demand for homes. The affordability of the area compared to nearby cities makes it appealing to both first-time buyers and investors. Listings typically see a balance between supply and demand, which keeps prices relatively steady in recent months.
In the last few months, home sales have increased slightly, attributed to low-interest rates and buyers seeking more space in the suburbs. However, competition remains, especially for homes in desirable neighborhoods, indicating a healthy turnover in the real estate listings.
Home Value Estimator For Lexington, VA
There are currently 6,230 real estate properties
in Lexington, VA,
with a median automated valuation model (AVM) price
of $355,575.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lexington, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lexington, VA,
is $437,754.00, with the most expensive house
in Lexington, VA, topping out
at $9,517,277.00 and the cheapest home
in Lexington, VA,
clocking in at $10,881.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lexington, VA!
Rent Prices
In Lexington, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lexington, VA, is on
a rollercoaster ride. The
average rent price in Lexington, VA,
is $1,487.00. Indeed, when looking to rent in
Lexington, VA, you can expect to pay as little
as $540.00 or as much
as $3,640.00,
with the average rent median estimated to
be $1,440.00. The good news is that finding
an affordable and desirable property to rent in Lexington, VA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
