What Is the Median Home Price in Lexington, SC in 2026?

$309,900. That was the median sale price for Lexington and the surrounding area (MLS Area 11) in September 2026, according to the Hubrec report built on Central Carolina MLS data. That's down 3.8% from September 2025. Year to date, the Area 11 median sits at $312,500, almost flat (−0.8%).

But if you Google "median home price Lexington SC," you'll also see $339,838 from Redfin, and if you search by ZIP you'll see numbers anywhere from about $280,000 to $360,000. None of those are wrong. They're measuring different slices of the same town.

I'm Joe Michel, a Realtor with Coldwell Banker Realty on the Patrick O'Connor Team, the #1 Coldwell Banker team in South Carolina. Here's what each number actually means, and which one matters for you.

Why are there different median prices for Lexington?

Because "Lexington" means three different things depending on who's counting:

• MLS Area 11 (Hubrec/CMLS): Lexington and the surrounding area, the broadest local view. $309,900 median in September, 146 closed sales.
• The town of Lexington (Redfin): just the town limits, over a rolling three months. $339,838 median through September, down 12.1% from a year ago, about $162 per square foot.
• ZIP codes (Redfin, three months through September): 29072 came in at $359,894 (−1.4%), while 29073 came in at $280,418 (+5.6%).

A rolling three-month number from a small area like the town limits can swing a lot from one quarter to the next. That's why I wouldn't read the 12.1% drop in the town median as "Lexington prices crashed 12%." Price per square foot in town barely moved (−0.61%), which tells me a different mix of homes sold, not that the same home lost 12% of its value. I went deeper on this in Why Do Lexington City and County Home Prices Differ?

Are home prices going down in Lexington, SC?

Slightly, and not evenly. Area 11's September median slipped 3.8% and the year-to-date median is down less than 1%. Meanwhile the 29073 side (which takes in Red Bank and much of south Lexington) is up 5.6%, and 23% of homes there sold above list price over the last three months.

What *has* clearly changed is the pace:

• Inventory: 506 homes for sale in Area 11, up 19.3% (82 more than last September).
• Sales: 146 closings in September, down 26.3% from 198.
• Days on market: 52 days on average, up from 37.
• Price cuts: Redfin shows 43.1% of homes in town had a price drop, up 4 points.

At September's pace, 506 homes is roughly 3.5 months of supply. That's not a crash; that's a market where buyers finally get time to think and sellers have to price it right.

What does the median price mean for my monthly payment?

At Freddie Mac's 30-year average of 7.18% (week of November 5, 2026), with 5% down, principal and interest alone look like this:

| Price point | Approx. P&I per month | |---|---| | $280,418 (29073 median) | ~$1,805 | | $309,900 (Area 11 median) | ~$1,994 | | $339,838 (town median) | ~$2,187 | | $359,894 (29072 median) | ~$2,316 |

Taxes, insurance, HOA dues, and mortgage insurance come on top. The takeaway: the gap between the two Lexington ZIPs is about $511 a month in principal and interest. For a lot of buyers, which side of town you shop matters more than whether rates drop a quarter point. If you're weighing that against renting, see Should I Rent or Buy a Home in Lexington, SC in 2026?

Is Lexington a buyer's market or a seller's market right now?

It's leaning buyer, but it's not a free-for-all. Sellers in Area 11 still got 98.5% of list price in September, and Redfin's Compete Score for the town is 53 out of 100, "somewhat competitive." The average home sells about 2% below list and goes pending in around 57 days, while the well-priced, well-presented homes sell near list in about 23 days.

So two things are true at once: buyers have more negotiating room than they've had in years, and the right house at the right price still moves fast.

What should sellers take from the median price?

Don't price off the median. Price off your comps. The median tells you where the middle of the market is; it doesn't tell you what *your* 4-bedroom in a specific subdivision with a new roof will bring. With 506 homes competing and nearly half of listings cutting price, the sellers who win are the ones who launch at the right number on day one.

We walk through that in How Do I Price My Home to Sell in Lexington, SC? and How Long Does It Take to Sell a House in Lexington, SC in 2026?. You can also see what our team has recently closed on our sold homes page.

What should buyers take from the median price?

Use it to set your search, not your offer. If $310,000 is your comfortable number, Area 11 has real inventory right there. If you want more house for the money, the 29073 side is about $80,000 below 29072 at the median. And with longer market times, ask about seller credits toward closing costs or a rate buydown; on a lot of homes right now, a credit can do more for your monthly payment than a small price cut.

Curious how nearby towns compare? See the Chapin median price and Irmo median price breakdowns.

How does Joe Michel's team track Lexington prices?

On the Patrick O'Connor Team, we don't lean on one headline number. We pull fresh MLS comps by subdivision, look at what's pending (not just what closed months ago), and check price-per-square-foot trends so the advice fits your actual home. Our team has helped more than 1,600 buyers and sellers across the Midlands over 12 years, and that local sales history is what makes the numbers useful.

If you want the real number for your street, call or text me at 803-553-6438, or visit scmidlandsagent.com.

FAQ

What is the median home price in Lexington, SC in 2026? The Area 11 (Lexington and surrounding area) median was $309,900 in September 2026 and $312,500 year to date, per Hubrec/CMLS. Redfin puts the town of Lexington's three-month median at $339,838.

Why is the Redfin number higher than the MLS area number? Redfin's city figure covers only the town limits over a rolling three months, while MLS Area 11 covers Lexington and the surrounding area. Different boundaries and time windows produce different medians.

Which Lexington ZIP code is more expensive, 29072 or 29073? Over the three months through September 2026, Redfin shows a $359,894 median in 29072 and $280,418 in 29073.

How long do homes take to sell in Lexington right now? Area 11 homes averaged 52 days on market in September 2026, up from 37 a year earlier. Redfin shows a 41-day median for the town.

Are Lexington home prices dropping? Modestly. The Area 11 September median was down 3.8% and the year-to-date median down 0.8%, while inventory rose 19.3%. Price per square foot in town was nearly flat (−0.61%, Redfin).

What would the monthly payment be on a median-priced Lexington home? At 7.18% (Freddie Mac, Nov 5, 2026) with 5% down, principal and interest on a $309,900 home is about $1,994 a month, before taxes, insurance, and mortgage insurance.

What's my Lexington home worth?

The median is the middle of the market. Your home has its own number. Joe Michel's team at Coldwell Banker Realty offers a free, no-obligation valuation for Lexington, Chapin, Irmo, and Lake Murray homeowners, timeline optional and no pressure.

Request your free valuation →

*Joe Michel, Realtor · The Patrick O'Connor Team, Coldwell Banker Realty · 803-553-6438 · scmidlandsagent.com*