$10,000 Closing Credit*
$1,629,000
3,793 SqFt
3 Beds
•4 Full Baths, 1 Partial
#73306045, Christine Pomer, Listing Office: Coldwell Banker Realty - Lexington
Is Lexington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Lexington has remained a Seller's Market.
Key Takeaway
Lexington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lexington, MA
How much do homes in Lexington, MA cost?
Median Sold Price
$1,595,333
$546/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$139,833(+9.6%)
Key Takeaway
Homes in Lexington have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Lexington was $1,595,333 in September 2024, up 9.6% from last year, and the median price per square foot was $546.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $517.5K | +32.7% |
| 2 Bedrooms | $732.5K | $790K | +7.8% |
| 3 Bedrooms | $1.0M | $1.1M | +15.7% |
| 4 Bedrooms | $1.5M | $1.4M | -3.4% |
| 5+ Bedrooms | $2.3M | $2.4M | +2.6% |
Summary: Lexington housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Lexington | $1.4M | $1.5M | +9.6% |
| Belmont | $1.2M | $1.3M | +7.9% |
| Winchester | $1.3M | $1.4M | +7.7% |
| Arlington | $1.0M | $1.0M | +1.9% |
Housing Supply in Lexington, MA
How many homes are available in Lexington, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 88 | 83 | -5.7% |
Summary: The Lexington real estate market had 83 homes for sale in September 2024, a 5.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 35 | 27 | -22.9% |
| 5+ Bedrooms | 35 | 33 | -5.7% |
Summary: The Lexington housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 45.5%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 22 | -42.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lexington, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Lexington in September 2024, down by 42.1% month-over-month. Of the 22 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Lexington, MA
How long does it take to sell a home in Lexington, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 33 Days | 41 Days | +22.5% |
Summary: Homes in Lexington had an average of 41 days on market in Sep 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lexington are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 22 homes were sold in Lexington; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
