Why Live in Palomar
Palomar in Lexington, Kentucky, is a neighborhood known for its strong sense of community and family-friendly atmosphere. The area boasts highly-rated schools, including Rosa Parks Elementary, Beaumont Middle School, and Paul Laurence Dunbar High, which are well-regarded by residents. Palomar features a community clubhouse with rentable gathering spaces, three pools, athletic courts, and paved walking trails around landscaped ponds. Homes in Palomar range from traditional to ranch-style, with sizes between 2,500 and 7,000 square feet, set on spacious quarter-acre lots with well-maintained properties. The neighborhood offers convenient access to shopping and dining at the Fountains of Palomar and Palomar Centre, featuring options like Starbucks, Orangetheory Fitness, and Papi's at Palomar. Fayette Mall, the largest mall in Kentucky, is also just 10 minutes away. For outdoor activities, residents can visit Keene Trace Golf Club, Higbee Mill Park, and Wellington Park, which includes a dog park, walking trails, and a sensory garden. Palomar is conveniently located near major Lexington destinations such as the Keeneland Race Track and Blue Grass Airport, both within 3 miles. Public transportation and highways provide easy access to downtown Lexington, just 6 miles away. The neighborhood hosts various events throughout the year, including an Easter Egg Hunt, a 4th of July kids parade, and concerts in the park, fostering a close-knit community feel.
Home Trends in Palomar, KY
On average, homes in Palomar, Lexington sell after 67 days on the market compared to the national average of 70 days. The median sale price for homes in Palomar, Lexington over the last 12 months is $383,000, down 45% from the median home sale price over the previous 12 months.
Median Sale Price
$383,000
Median Single Family Sale Price
$459,990
Median Townhouse Sale Price
$358,990
Median 2 Bedroom Sale Price
$939,900
Median 1 Bedroom Sale Price
$528,000
Average Price Per Sq Ft
$238
Number of Homes for Sale
14
Last 12 months Home Sales
89
Median List Price
$459,990
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-45%