Is Lexington, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
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.
How much do homes in Lexington, MA cost?
Median Sold Price
$1,471,333
$523/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$66,333(+4.7%)
Key Takeaway
Homes in Lexington have sold for 4.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $530K | $395K | -25.5% |
| 2 Bedrooms | $710K | $725K | +2.1% |
| 3 Bedrooms | $1.0M | $985K | -6.2% |
| 4 Bedrooms | $1.4M | $1.5M | +6.6% |
| 5+ Bedrooms | $2.0M | $2.3M | +18.4% |
Median Sold Price Compared To Nearby Cities
| Arlington | $906.5K | $976.5K | +7.7% |
| Lexington | $1.4M | $1.4M | +4.7% |
| Belmont | $1.1M | $1.2M | +4.2% |
| Winchester | $1.2M | $1.3M | +2.2% |
How many homes are available in Lexington, MA?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 113 | 133 | +17.7% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 38 | 48 | +26.3% |
| 5+ Bedrooms | 48 | 53 | +10.4% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 26 | 34 | +30.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lexington, you could pay more than the asking price. 55.9% of homes here sold above asking price last month.
How long does it take to sell a home in Lexington, MA?
How long does it take to sell a home in Lexington, MA?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 14 Days | 31 Days | +109.5% |
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 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.
