Why Live in Melrose-Oakpark
Melrose-Oakpark in Lexington is a competitive real estate market characterized by low inventory and entry-level pricing, making it attractive to buyers. Homes, primarily built in the 1940s and 50s, feature bungalows and Cape Cod designs, often with detached garages and ornate fencing. The neighborhood is known for its proximity to downtown Lexington and offers sidewalks for easy navigation. Thompson Road Park, with its playground, picnic tables, and basketball court, is a local highlight, while the larger McConnell Springs Park, just 1 mile south, provides 26 acres of greenery and walking paths. The Burl, a nearby music venue, adds to the local entertainment options with live performances and craft beers. For daily needs, Meadowthorpe Shopping Center offers retailers like Kroger and Family Dollar, while dining options include Leestown Coffee House, The Thoroughbred Restaurant, and Bad Wolf Burgers. The Lexington Distillery District, less than a mile away, features Ethereal Brewing and Barrel House Distilling. The annual Bluegrass Birding Festival at McConnell Springs Park is a popular event, offering live music and local food. Residents rely on U.S. Route 421 and Forbes Road for commuting, with Lextran bus service available on Main Street. Blue Grass Airport is 6 miles away, and UK Good Samaritan Hospital is 2 miles from the community. Families benefit from highly rated schools, including Meadowthorpe Elementary, Leestown Middle, and Paul Laurence Dunbar High School, with additional options like the private Providence Montessori School nearby.
Home Trends in Melrose-Oakpark, KY
On average, homes in Melrose-Oakpark, Lexington sell after 31 days on the market compared to the national average of 51 days. The median sale price for homes in Melrose-Oakpark, Lexington over the last 12 months is $290,000, up 15% from the median home sale price over the previous 12 months.
Median Sale Price
$290,000
Median Single Family Sale Price
$285,000
Median Townhouse Sale Price
$332,500
Average Price Per Sq Ft
$197
Number of Homes for Sale
1
Last 12 months Home Sales
9
Median List Price
$314,499
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
15%