Why Live in Gratz Park
Gratz Park, a historic district in downtown Lexington, is known for its preserved 19th-century architecture and central city park. Bordered by Transylvania University and downtown Lexington, the neighborhood offers a quiet, historical ambiance despite its proximity to the bustling city center. Residents enjoy easy access to attractions like Rupp Arena and The Lexington Opera House, as well as historic sites such as the Mary Todd Lincoln House. The park itself is a popular venue for picnics, weddings, and art fairs, featuring a fountain dedicated to the children of Lexington. Homes in Gratz Park range from Federal to Queen Anne styles, with features like 17-foot ceilings and original hardwood flooring. The area is also known for its unique streetlights and narrow alleyways leading to carriage houses. Dining options include Dudley's on Short, known for its New American fusion dishes, and Doodles Breakfast and Lunch, offering organic and creole-inspired meals. While there is no grocery store within walking distance, nearby options include M&M Grocery and Target Grocery. The neighborhood hosts events like the Mayfest Arts Fair and the weekly farmers market at Fifth Third Bank Pavilion. Students attend schools such as Lafayette High, which has a high rating and houses the School for Creative and Performing Arts. Transportation is convenient with LexTran buses and Interstate 64 for travel to other cities, while Blue Grass Airport is just over 6 miles away. The University of Kentucky Good Samaritan Hospital is less than a mile from the neighborhood, providing nearby medical care.
Home Trends in Gratz Park, KY
On average, homes in Gratz Park, Lexington sell after 3 days on the market compared to the national average of 52 days. The median sale price for homes in Gratz Park, Lexington over the last 12 months is $690,000, up 119% from the median home sale price over the previous 12 months.
Median Sale Price
$690,000
Median Single Family Sale Price
$910,000
Median 2 Bedroom Sale Price
$344,950
Average Price Per Sq Ft
$287
Number of Homes for Sale
3
Last 12 months Home Sales
1
Median List Price
$617,450
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
119%