Why Live in Open Gates
Open Gates, located on the southwest side of Lexington within the New Circle Road beltline, offers a blend of suburban tranquility and urban convenience. The neighborhood features mid-century ranch-style homes, split-levels, and townhomes, many showcasing new traditional and colonial architectural influences. Residents enjoy proximity to downtown Lexington, just 4 miles northeast, and the University of Kentucky, 3 miles away. The area is home to highly rated schools, including Clays Mill Elementary, Jessie Clark Middle, Lafayette High, and Lexington Catholic High. For dining, Southland Drive and Nicholasville Road offer a variety of options such as Winchell's, Southland Bagel, and Zundo Izakaya. Shopping is convenient with nearby Kroger, Trader Joe’s, Target, and Fayette Mall. Outdoor enthusiasts can visit Wellington Park and Shillito Park, which provide amenities like walking trails, a dog park, and sports facilities. Entertainment options include Malibu Jack’s, Champs Entertainment Complex, and the Tahlsound concert series. While Open Gates is safer than the national average, potential residents should be aware of peak hour traffic on major roads and possible noise near New Circle Road. Flood insurance may be necessary for homes near Stone Road and Big Run Road.
Home Trends in Open Gates, KY
On average, homes in Open Gates, Lexington sell after 22 days on the market compared to the national average of 52 days. The median sale price for homes in Open Gates, Lexington over the last 12 months is $342,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$342,000
Median Single Family Sale Price
$359,500
Median Townhouse Sale Price
$278,500
Average Price Per Sq Ft
$206
Number of Homes for Sale
7
Last 12 months Home Sales
25
Median List Price
$360,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
5%