Kenwick · Lexington, Kentucky · Market Report
Fewer sales. Higher values.
Every closed Kenwick sale from mid-April to late September, 2025 against 2026. Buyers are paying more per square foot and closer to asking, even as fewer homes trade hands.
Closings Apr 18 – Sep 24, 2025 (31 sales) vs. Apr 16 – Sep 25, 2026 (27 sales)
The headline number that misleads
Why the median price fell while values rose
The median sale price dropped from $390,000 to $350,000. That isn't homes losing value; it's the bottom of the market disappearing.
In 2025, 13 Kenwick homes sold for $300K or less, several of them cash buys under $200K. In 2026, only 6 did, and the lowest sale was $226,000, up from $160,000. More of this year's sales landed in the $300–400K range, which pulls the median down even as price per square foot climbs.
Same house, one year later
Two Kenwick homes sold in both periods
Essentially the same square footage both times: the cleanest read on appreciation in the data.
A cash purchase after price cuts in 2025, resold financed in 2026. The jump likely reflects condition, not just the market.
Pace and buyers
Still quick, but less frantic
Well-priced homes still go in days, but the share selling within a week fell and more sellers adjusted price before going under contract. Cash buyers pulled back sharply, and FHA buyers showed up for the first time in this window.
| Measure | 2025 | 2026 |
|---|---|---|
| Sold within 7 days | 71% (22) | 52% (14) |
| Sold at or above list | 42% (13) | 52% (14) |
| Had a price reduction | 19% (6) | 30% (8) |
| Sale price vs. original list | 96.5% | 98.1% |
| Average days on market | 16.8 | 23.0 |
| Cash buyers | 42% (13) | 22% (6) |
| Conventional / VA / FHA | 16 / 2 / 0 | 18 / 0 / 3 |
Top sales each year
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