Is Lexington, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lexington is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, MN

How much do homes in Lexington, MN cost?

Median Sold Price

$307,500

$201/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$22,500(-6.8%)

Key Takeaway

Homes in Lexington have sold for 6.8% less than they did a month ago.

Summary: The median home sold price in Lexington was $307,500 in September 2024, down 6.8% from last month, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $262K-
N/A
3 --
N/A
4 $352K$307.5K
-12.6%
5+ --
N/A

Summary: Lexington housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes did not change.

Housing Supply in Lexington, MN

How many homes are available in Lexington, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
85-37.5%

Summary: The Lexington real estate market had 5 homes for sale in September 2024, a 37.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 11
0.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Lexington housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lexington, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Lexington in September 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Lexington, MN

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

Average Sale Time

Aug 2024Sep 2024CHANGE
15 Days14 Days-10.3%

Summary: Homes in Lexington had an average of 14 days on market in Sep 2024, down by 10.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lexington are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Lexington; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

Newest Listings in Lexington, MN

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