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All market snapshots / 38351

Lexington, TN 38351 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Lexington, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 3232PendingPending sales: 22
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): $368k$368kSoldMedian sold price (last 6 months): $250k$250k
What homes actually sell for in Lexington, TN
Distribution of 155 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $150k to $360k
$35k to $111k: 24 sales$35k$111k to $188k: 27 sales$188k to $264k: 26 sales$188k$264k to $340k: 28 sales28sales$340k to $416k: 13 sales$340k$416k to $492k: 14 sales$492k to $569k: 7 sales$492k$569k to $645k: 2 salesMedian $250k

What the numbers say

As of October 5, 2026, Resideline is tracking 32 active listings and 2 pending sales in ZIP code 38351. That pending-to-active ratio of 0.06 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $368,500, while the median of the 155 closed sales Resideline tracked over the last six months was $250,000. 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 74 days.

Frequently asked questions

What is the median home price in 38351?

The median closed sale price in Lexington, TN 38351 was $250,000 over the last six months, based on 155 closed sales tracked by Resideline. The middle half of those sales ranged from $150,000 to $360,000.

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

Resideline is currently tracking 2 pending sales against 32 active listings in 38351, a pending-to-active ratio of 0.06. 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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