Why Live in Lexington
Lexington, Virginia, a small city in the Shenandoah Valley, is known for its historic downtown, two universities, and scenic views of the Blue Ridge Mountains. The Virginia Military Institute and Washington and Lee University are key employers and cultural hubs, with the latter being one of the oldest higher education institutions in the country. The city features a mix of historic homes, including Colonial Revival, Craftsman, and American Foursquare styles, alongside midcentury ranch-style and Cape Cod houses. On the outskirts, newer colonial and ranch-style homes on spacious lots are common, as well as subdivisions with Craftsman-inspired homes. Downtown Lexington, listed on the National Register of Historic Places, offers a walkable area with locally owned shops, art galleries, and restaurants. Notable dining options include Golden Garden for Asian cuisine and Haywood’s Piano Bar and Grill for upscale American dishes. For dessert, Sweet Things Ice Cream Shoppe is a local favorite. Outdoor enthusiasts can explore Jordan’s Point Park, the Chessie Nature Trail, and the George Washington and Jefferson National Forests. The Lime Kiln Theater and Virginia Horse Center provide venues for concerts and equestrian events, while Hull’s Drive-In offers a retro movie experience. Students attend highly rated Harrington Waddell Elementary and Lylburn Downing Middle schools. The city is accessible via U.S. Routes 60 and 11, with Interstate 81 connecting to nearby cities like Staunton and Roanoke.
Home Trends in Lexington, VA
On average, homes in Lexington, VA sell after 76 days on the market compared to the national average of 70 days. The median sale price for homes in Lexington, VA over the last 12 months is $420,990, up 56% from the median home sale price over the previous 12 months.
Median Sale Price
$420,990
Median Single Family Sale Price
$417,990
Median Townhouse Sale Price
$345,990
Average Price Per Sq Ft
$196
Number of Homes for Sale
9
Last 12 months Home Sales
133
Median List Price
$422,990
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
56%