$5,388,000
7,385 SqFt
5 Beds
•6 Full Baths, 1 Partial
#73310205, Crystal Paolini, Listing Office: Coldwell Banker Realty - Newton
Is Lexington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,583,500
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$104,500(+7.1%)
Key Takeaway
Homes in Lexington have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Lexington was $1,583,500 in October 2024, up 7.1% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $510K | +30.8% |
| 2 Bedrooms | $750K | $760K | +1.3% |
| 3 Bedrooms | $1.0M | $1.1M | +10.3% |
| 4 Bedrooms | $1.5M | $1.4M | -1.3% |
| 5+ Bedrooms | $2.3M | $2.5M | +8.2% |
Summary: Lexington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
| Belmont | $1.2M | $1.3M | +10.9% |
| Winchester | $1.3M | $1.4M | +8.8% |
| Lexington | $1.4M | $1.5M | +7.1% |
| Arlington | $992.5K | $1.0M | +2.9% |
Housing Supply in Lexington, MA
How many homes are available in Lexington, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 79 | 0.0% |
Summary: The Lexington real estate market had 79 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 26 | 18 | -30.8% |
| 5+ Bedrooms | 29 | 38 | +31.0% |
Summary: The Lexington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 31%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lexington, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Lexington in October 2024, down by 9.1% month-over-month. Of the 20 sold homes, 35% were sold under asking, 0% were sold at asking, and 65% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 36 Days | +0.9% |
Summary: Homes in Lexington had an average of 36 days on market in Oct 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 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 October 2024, 20 homes were sold in Lexington; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
