Homes Under $500K for Sale in Lenexa, KS
· 44 homes fit this search44 homes fit this search · Sorted by Newest Listed
About Homes Under $500K in Lenexa, KS
Lenexa, KS has 44 homes under $500k for sale right now, with a median list price of $374,925. These homes under $500k were built between 1948 and 2026. Most are between 1,358 and 2,875 square feet.
Housing market trends in Lenexa, KS (all homes)
181
Homes for sale in Lenexa · 14 coming soon
$645,150
Median list price
21 days
Median days to contract
2.98 mo
Months of supply
| Measure | Oct 2026 | Sep 2026 | Oct 2025 |
|---|---|---|---|
| Median sale price | $517,500 | $485,500 | $531,500 |
| Median price per sq ft | $199 | $213 | $198 |
| Median days to contract | 22 | 22 | 11 |
| Sell-to-list ratio | 100% | 100% | 100% |
| Homes sold | 50 | 48 | 43 |
| New listings | 81 | 74 | 86 |
| Went under contract | 61 | 48 | 59 |
44 photos
Pantry
25 photos
Price Cut · $43K
28 photos
Price Cut · $10K
11 photos
Vaulted ceilings
30 photos
Price Cut · $35K
37 photos
Price Cut · $20K
29 photos
Fireplace
59 days
① Lenexa itself — the place you are on
Popular home searches in Lenexa
| Search | For sale |
|---|---|
| Open houses | For sale4 |
| Luxury homes | For sale12 |
| Just listed homes | For sale13 |
| Price-reduced homes | For sale65 |
| Coming soon homes | For sale14 |
| Homes under contract | For sale90 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
Homes by price in Lenexa
| Price range | For sale |
|---|---|
| Under $300,000 | For sale11 |
| Under $400,000 | For sale27 |
| Under $500,000 | For sale44 |
| Under $600,000 | For sale92 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
② Its neighborhoods — one step out
Nearby neighborhoods to Lenexa
| Neighborhood | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | For sale | Median sale | Sell-to-list | Days to contract | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| Four Colonies | Seller's ▲ | 2.9 mo | 7 | Median$260,000 | 97% | 13d | 2 | 2 |
| The Timbers at Clear Creek | Strong Seller's | 1.7 mo | 4 | Median$684,175 | 101% | 18d | 0 | 2 |
| Bristol Highlands | Seller's | 3.8 mo | 7 | Median$540,750 | 98% | 10d | 0 | 6 |
| The Cedars | Strong Seller's | 0.5 mo | 1 | Median$460,000 | 102% | 19d | 0 | 5 |
| WaterCrest Landing | Strong Buyer's | 8.6 mo | 15 | Median$809,950 | 101% | 71d | 0 | 2 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.
③ Nearby cities — two steps out
Search homes nearby Lenexa
| Place | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | Median list | Sell-to-list | Days to contract | For sale | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| Lenexa | Seller's | 2.8 mo | Median$625,905 | 98% | 21d | 195 | 14 | 90 |
| Overland Park | Seller's | 2.3 mo | Median$747,182 | 101% | 16d | 510 | 44 | 317 |
| Olathe | Seller's | 3 mo | Median$625,355 | 99% | 18d | 555 | 32 | 283 |
| Shawnee | Seller's | 2.4 mo | Median$560,000 | 100% | 16d | 182 | 15 | 101 |
| Leawood | Seller's | 2.9 mo | Median$937,500 | 100% | 18d | 139 | 13 | 63 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- Median list.
- The middle asking price among the homes for sale right now. Half are listed above it, half below.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.