Lexington, MA

Lexington is a town in Middlesex County, Massachusetts, United States. The population was 31,394 at the 2010 census, in nearly 11,100 households. Settled in 1642, this town is famous for being the site of the first shot of the American Revolutionary War, in the Battle of Lexington on April 19, 1775, as the "Shot heard 'round the world" when news spread about the revolution. Lexington was first settled circa 1642 as part of Cambridge, Massachusetts. What is now Lexington was then incorporated as a parish, called Cambridge Farms, in 1691. This allowed them to have a separate church and minister, but were still under jurisdiction of the Town of Cambridge. Lexington was incorporated as a separate town in 1713. It was then that it got the name Lexington. How it received its name is the subject of some controversy. Some people believe that it was named in honor of Lord Lexington, an English peer.[4] Some, on the other hand, believe that it was named after Lexington (which was pronounced and today spelled Laxton) in Nottinghamshire, England.

Lexington, MA - Single Family Properties

 
Lexington
  • Unit sales are up 47.4% to 28.
  • Months of supply in November was 2.7. This is up 39.0% from 1.9 in November of 2013.
  • Inventory is up by 32.8%.
Nearby Areas You May Be Interested In
  • Unit sales in Needham are up 133.3% to 28.
  • Unit sales in Wellesley in November were 26. This is up 62.5% from 16 in November of 2013.
  • Median price in Needham is up by 28.7%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending November, 2014 % Chg From Nov, 2013
Inventory 95 18.8%
Months of Supply 3.2 27.1%
Market Time (Days) 74 21.3%
Price per Sq Ft for Sold $331 -0.6%
New Listings 90 3.4%
Changes Favoring Sellers
3 Months Ending November, 2014 % Chg From Nov, 2013
Unit Sales 83 7.8%
Median Sale Price $1,090,000 21.1%
Sales to List Price Ratio 98.7% 0.3%
Listings Under Contract 75 5.6%
 
Sales
There were 28 unit sales in November. This is up 47.4% from 19 in November of 2013. Sales/list price ratio in November moved down to 98.1% from 99.0% in October.

Prices
Median price in November was $1,155,000. This is up 24.2% from $930,000 in November of 2013. 3-month median price of $1,090,000 in November was up a little from $986,000 in October and up moderately from $900,000 in November of 2013. Price per square foot in November was $336. This is down from $357 in October but up from $308 in November of 2013.

Inventory
Inventory of 81 in November was down 22.1% from 104 in October but up 32.8% from 61 in November of 2013. New listings of 8 in November were way down from 35 in October and down considerably from 17 in November of 2013. Months of supply of 2.7 in November was down moderately from 3.5 in October but way up from 1.9 in November of 2013. This is the lowest months of supply has been since March, 2014.

Market Time
Days on market of 84 in November was up a little from 76 in October and up moderately from 67 in November of 2013. This is the highest days on market has been since March, 2014.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 38.37%
Lexington 20.23%
Concord 14.08%
Wayland 13.80%
North Reading 13.33%
Westford 13.18%
Weston 13.04%
Belmont 13.01%
Arlington 12.61%
Holliston 12.48%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Lexington, MA - Single Family Properties

August Headlines
Lexington
  • Unit sales in August were 50. This is up 22.0% from 41 in August of 2013.
  • 3-month median price is up by 22.1%.
  • 3-month months of supply is up 36.3% to 3.3.
Other Towns In Middlesex County
  • Days on market in Weston is down 58.3% to 63.
  • Unit sales in Westford in August were 22. This is down 51.1% from 45 in August of 2013.
  • Months of supply in Newton is up by 32.2%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending August, 2014 % Chg From Aug, 2013
Sales to List Price Ratio 100.5% -0.3%
Inventory 97 31.1%
Months of Supply 3.3 36.3%
Market Time (Days) 49 25.6%
Changes Favoring Sellers
3 Months Ending August, 2014 % Chg From Aug, 2013
Unit Sales 169 7.6%
Median Sale Price $1,040,000 22.1%
Price per Sq Ft for Sold $356 6.2%
New Listings 123 -1.6%
Listings Under Contract 119 19.0%
 
Sales
There were 50 unit sales in August. This is up 22.0% from 41 in August of 2013. Sales/list price ratio in August moved down to 100.5% from 101.0% in July.

Prices
Median price in August was $965,000. This is up 10.9% from $870,000 in August of 2013. 3-month median price of $1,040,000 in August was down a little from $1,050,000 in July but up somewhat from $852,000 in August of 2013. Price per square foot in August was $363. This is up from $339 in July and up from $333 in August of 2013.

Inventory
Inventory of 94 in August was down 1.1% from 95 in July but up 16.0% from 81 in August of 2013. New listings of 31 in August were down moderately from 39 in July and down considerably from 43 in August of 2013. Months of supply of 3.2 in August was down marginally from 3.3 in July but up moderately from 2.6 in August of 2013.

Market Time
Days on market of 44 in August was down considerably from 63 in July but way up from 31 in August of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 31.34%
Lexington 20.59%
Belmont 15.20%
Melrose 14.90%
Holliston 14.75%
Weston 13.41%
Burlington 12.96%
Ashland 12.26%
Hudson 11.86%
Pepperell 11.74%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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Lexington, MA - Single Family Properties

July Headlines
Lexington
  • 3-month median price is up 24.3% to $1,050,000.
  • Months of supply in July was 3.4. This is up 48.3% from 2.3 in July of 2013.
  • Inventory is up by 38.0%.
Other Towns In Middlesex County
  • Days on market in Medford is up 194.1% to 50.
  • Months of supply in Newton in July was 3.9. This is up 47.9% from 2.6 in July of 2013.
  • Median price in Holliston is up by 39.7%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.
Changes Favoring Buyers
3 Months Ending July, 2014 % Chg From Jul, 2013
Unit Sales 145 -10.5%
Sales to List Price Ratio 100.5% -0.4%
Inventory 102 39.7%
Months of Supply 3.5 48.2%
Market Time (Days) 54 35.0%
New Listings 174 13.7%
Changes Favoring Sellers
3 Months Ending July, 2014 % Chg From Jul, 2013
Median Sale Price $1,050,000 24.3%
Price per Sq Ft for Sold $367 3.6%
Listings Under Contract 148 6.5%
 
Sales
There were 57 unit sales in July. This is down 16.2% from 68 in July of 2013. Sales/list price ratio in July moved up to 101.0% from 100.2% in June.

Prices
Median price in July was $897,500. This is up 3.0% from $871,750 in July of 2013. 3-month median price of $1,050,000 in July was down marginally from $1,059,500 in June but up considerably from $845,000 in July of 2013.

Inventory
Inventory of 98 in July was down 4.9% from 103 in June but up 38.0% from 71 in July of 2013. New listings of 39 in July were down considerably from 53 in June but up just slightly from 38 in July of 2013. Months of supply this month is 3.4, the same as last month.

Market Time
Days on market of 63 in July was up substantially from 41 in June and way up from 43 in July of 2013.

Change in Median Sale Price for Single Family Properties YTD From 2013 To 2014 for Towns in Middlesex County Ranked by Best Performance
Town % Change
Cambridge 35.28%
Lexington 22.49%
Melrose 18.48%
Burlington 18.14%
Holliston 17.25%
Belmont 15.56%
Ashland 15.49%
Wayland 14.68%
Weston 14.49%
Arlington 13.84%
Data From: MLSPIN
Towns with an average of at least 10 sales per month (maximum of 10 towns)
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    Listings
    photo.aspx?mls=72125926&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    8 Bed

    6.5 Bath

    7,910SqFt

    17 Hayes Ave,
    Lexington, MA 02420

    $4,900,000

    Listed ByJ. Barrett & Company

    MLS® #72125926 MLS® # 72125926 (Active)
    photo.aspx?mls=72126042&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    6.5 Bath

    7,963SqFt

    5 John Hosmer Lane,
    Lexington, MA 02420

    $3,659,000

    Listed ByColdwell Banker Residential Brokerage - Lexington

    MLS® #72126042 MLS® # 72126042 (Active)
    photo.aspx?mls=72012321&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    6 Bed

    7.5 Bath

    8,229SqFt

    11 Hayes Avenue,
    Lexington, MA 02420

    $3,595,000

    Listed ByColdwell Banker Residential Brokerage - Lexington

    MLS® #72012321 MLS® # 72012321 (Active)
    photo.aspx?mls=72145090&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    7 Bed

    7.5 Bath

    8,395SqFt

    291 Emerson Rd,
    Lexington, MA 02420

    $3,200,000

    Listed ByRE/MAX Leading Edge

    MLS® #72145090 MLS® # 72145090 (Active)
    photo.aspx?mls=72129241&w=1024&h=768&n=0image_shadow.png
    FOR SALE

    5 Bed

    6.5 Bath

    7,400SqFt

    29 Hayes Lane,
    Lexington, MA 02420

    $2,998,000

    Listed ByColdwell Banker Residential Brokerage - Lexington

    MLS® #72129241 MLS® # 72129241 (Active)

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    Contact Info
    Agent
    The Walsh Team

    "Best Agents in America 2013"

    William Raveis Real Estate

    73 Central St.
    Wellesley  Massachusetts 02482

    508-934-4030 508-341-4904

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    The information in this listing was gathered from third party resources including the seller and public records. MLS® Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Content © 2017 MLS® Property Information Network, Inc.

    Last updated on Apr 30, 2017.



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    Last updated on Apr 30, 2017.

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