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All market snapshots / 38351

Lexington, TN 38351 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Lexington, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.03
ActiveActive listings: 3131PendingPending sales: 11
Lexington, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $330k$330kSoldMedian sold price (last 6 months): $236k$236k
What homes actually sell for in Lexington, TN
Distribution of 153 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $127k to $335k
$35k to $105k: 26 sales$35k$105k to $175k: 19 sales$175k to $245k: 29 sales29sales$175k$245k to $315k: 27 sales$315k to $385k: 16 sales$315k$385k to $455k: 9 sales$455k to $525k: 9 sales$455k$525k to $595k: 4 salesMedian $236k

What the numbers say

As of September 14, 2026, Resideline is tracking 31 active listings and 1 pending sales in ZIP code 38351. That pending-to-active ratio of 0.03 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $329,950, while the median of the 153 closed sales Resideline tracked over the last six months was $236,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 38351 for 61 days.

Frequently asked questions

What is the median home price in 38351?

The median closed sale price in Lexington, TN 38351 was $236,000 over the last six months, based on 153 closed sales tracked by Resideline. The middle half of those sales ranged from $126,800 to $335,000.

Is 38351 a buyer's or seller's market?

Resideline is currently tracking 1 pending sales against 31 active listings in 38351, a pending-to-active ratio of 0.03. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 38351 currently looks like a balanced market.

Nearby ZIP code market data

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