Lexington, MA Housing Market
The Lexington housing market is very competitive. Homes in Lexington receive 7 offers on average and sell in around 16 days. The median sale price of a home in Lexington was $1.6M last month, up 1.7% since last year. The median sale price per square foot in Lexington is $589, up 14.8% since last year.
Lexington Housing Market Trends
In May 2024, Lexington home prices were up 1.7% compared to last year, selling for a median price of $1.6M. On average, homes in Lexington sell after 16 days on the market compared to 15 days last year. There were 29 homes sold in May this year, down from 41 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lexington housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 17 days.
- Hot homescan sell for about 13% above list price and go pending in around 10 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 6% above list price and go pending in around 13 days.
- Hot homescan sell for about 13% above list price and go pending in around 8 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 4% above list price and go pending in around 16 days.
- Hot homescan sell for about 8% above list price and go pending in around 12 days.
Lexington Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Lexington from outside metros.
- New York homebuyers searched to move into Lexington more than any other metro followed by Hartford and Washington.
- 83% of Lexington homebuyers searched to stay within the Lexington metropolitan area.
- Portland was the most popular destination among Lexington homebuyers followed by Lebanon and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,455 | ||
2 | 1,575 | ||
3 | 383 | ||
4 | 371 | ||
5 | 279 | ||
6 | 276 | ||
7 | 123 | ||
8 | 34 | ||
9 | 26 | ||
10 | 22 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,341 | ||
2 | 1,554 | ||
3 | 1,475 | ||
4 | 924 | ||
5 | 894 | ||
6 | 865 | ||
7 | 805 | ||
8 | 655 | ||
9 | 395 | ||
10 | 373 |
Home offer insights for Lexington
Recent offers
View houses in Lexington that sold recently
Recently sold homes
- $1,430,000 Last Sold Price3 beds2.5 baths2,520 sq ft380 Marrett Rd, Lexington, MA 02421List Price$1,380,000Sale to List4% over listDays on Market63 days380 Marrett Rd, Lexington, MA 02421
- $1,600,000 Last Sold Price5 beds2.5 baths3,124 sq ft2 Plymouth Rd, Lexington, MA 02421List Price$1,525,000Sale to List5% over listDays on Market42 days2 Plymouth Rd, Lexington, MA 02421
- $1,900,000 Last Sold Price6 beds4.5 baths4,636 sq ft21 North St, Lexington, MA 02420List Price$1,950,000Sale to List3% under listDays on Market97 days21 North St, Lexington, MA 02420
- $1,520,000 Last Sold Price4 beds2.5 baths2,661 sq ft43 Freemont St, Lexington, MA 02421List Price$1,350,000Sale to List13% over listDays on Market28 days43 Freemont St, Lexington, MA 02421
- $1,625,000 Last Sold Price4 beds2.5 baths3,515 sq ft30 Partridge Rd, Lexington, MA 02420List Price$1,599,999Sale to List2% over listDays on Market42 days30 Partridge Rd, Lexington, MA 02420
- $1,080,000 Last Sold Price3 beds3.5 baths2,102 sq ft83 Potter Pond #83, Lexington, MA 02421List Price$999,986Sale to List8% over listDays on Market49 days83 Potter Pond #83, Lexington, MA 02421
- $1,760,000 Last Sold Price4 beds4.5 baths3,822 sq ft42 Harding Rd, Lexington, MA 02420List Price$1,799,000Sale to List2% under listDays on Market68 days42 Harding Rd, Lexington, MA 02420
- $1,245,000 Last Sold Price4 beds2 baths2,667 sq ft5 Lois Ln Unit -, Lexington, MA 02420List Price$1,275,000Sale to List2% under listDays on Market41 days5 Lois Ln Unit -, Lexington, MA 02420
See all recently sold homes in Lexington.
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Schools in Lexington
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Harrington Elementary School Public • K-5 | 446 Students | 8 reviews |
10/10 Maria Hastings Elementary School Public • K-5 | 565 Students | 8 reviews |
9/10 Joseph Estabrook Elementary School Public • K-5 | 522 Students | 7 reviews |
9/10 Bridge Elementary School Public • K-5 | 400 Students | 8 reviews |
9/10 Bowman Elementary School Public • K-5 | 470 Students | 6 reviews |
Climate's impact on Lexington housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lexington.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Lexington
Walk Score®
Bike Score®
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