The Lexington housing market is very competitive. Homes in Lexington receive 7 offers on average and sell in around 19 days. The median sale price of a home in Lexington was $1.6M last month, down 17.9% since last year. The median sale price per square foot in Lexington is $576, up 22.3% since last year.
What is the housing market like in Lexington today?
In March 2024, Lexington home prices were down 17.9% compared to last year, selling for a median price of $1.6M. On average, homes in Lexington sell after 19 days on the market compared to 23 days last year. There were 20 homes sold in March this year, down from 24 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,645,000
-17.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Lexington, MA
$1,645,000
-17.9%
United States
To compare other locations to the Lexington and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lexington add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Lexington housing market?
Lexington is very competitive. Homes sell in 18 days.
0
100
78
Very Competitive
Redfin Compete Score™
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 2% above list price and go pending in around 18 days.
Hot homes
can sell for about 8% above list price and go pending in around 8 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Lexington
Explore recent offers and recently sold homes in Lexington
Recent offers
Offer Not Accepted|
9 Weeks Ago
~$1M Offer
Sold for $1.25M
3bd | 2ba | ~1,750sqft
Over List Price
2%
Days on Market
6
Competing Offers
14
Down Payment
~20%
Dan Kessinger
Lexington Redfin Agent
Up to 14 offers well over $100k above list price with no contingencies
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Harrington Elementary School
Public • K-5
493
Students
8 reviews
10/10
Maria Hastings Elementary School
Public • K-5
454
Students
7 reviews
9/10
Joseph Estabrook Elementary School
Public • K-5
580
Students
6 reviews
9/10
Bridge Elementary School
Public • K-5
541
Students
8 reviews
9/10
Bowman Elementary School
Public • K-5
546
Students
6 reviews
Only showing 5 of
8 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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.
Risk Factor
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lexington has a moderate risk of flooding. 1,086 properties in Lexington are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Lexington. Flood risk is increasing slower than the national average.
23% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lexington has a moderate risk of wildfire. There are 2,676 properties in Lexington that have some risk of being affected by wildfire over the next 30 years. This represents 23% of all properties in Lexington.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Lexington has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lexington is most at risk from hurricanes. 11,354 properties in Lexington have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 88 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 96 mph.