Is Lexington Hills, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lexington Hills is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Lexington Hills has remained a Seller's Market.

Key Takeaway

Lexington Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lexington Hills, CA

How much do homes in Lexington Hills, CA cost?

Median Sold Price

$1,225,784

$731/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$259,216(-17.5%)

Key Takeaway

Homes in Lexington Hills have sold for 17.5% less than they did a year ago.

Summary: The median home sold price in Lexington Hills was $1,225,784 in March 2024, down 17.5% from last year, and the median price per square foot was $731.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $650K-
N/A
2 $980K$982K
0.2%
3 $1.5M$1.1M
-23.7%
4 $1.8M$1.4M
-23.0%
5+ $2.3M$2.2M
-3.0%

Summary: Lexington Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 23.7%, 4 bedroom homes decreased by 23%, and 5+ bedroom homes decreased by 3%.

Median Sold Price Compared To Nearby Cities

San Jose
+4.8%
San Lorenzo Valley
-3.7%
Los Gatos
-7.3%
Lexington Hills
-17.5%

Housing Supply in Lexington Hills, CA

How many homes are available in Lexington Hills, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1323+76.9%

Summary: The Lexington Hills real estate market had 23 homes for sale in March 2024, a 76.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 36
+100.0%
4 02
+100.0%
5+ 58
+60.0%

Summary: The Lexington Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lexington Hills, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Lexington Hills in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Lexington Hills, CA

How long does it take to sell a home in Lexington Hills, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
39 Days129 Days+231.8%

Summary: Homes in Lexington Hills had an average of 129 days on market in Mar 2024, up by 231.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lexington Hills are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 5 homes were sold in Lexington Hills; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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