New Listing
40
$998,000
120 Massachusetts Ave Unit 120
Lexington, MA 02420
2 bd3 ba2,533 sqft$394/ft²
Condo
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Sarah Mitchell
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Compass Real Estate · Lexington, MA
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Lexington, MA(512) 555-0184TX License #0512847
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Lexington, MA Housing Market
Seller's market-0.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Lexington, MA is worth $1.57M, fell 0.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $2.13M, +57.4% year over year (through May 2026). With 1.0 months of supply and homes going under contract in about 37 days, Lexington is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $1.57M home is about $8,407/mo in principal and interest.
Key numbers for Lexington, MA
Typical home value
$1.57M
-0.6% in 12 months
Zillow, August 2026
Typical asking rent
$3,902/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$2.13M
+57.4% year over year
Redfin, through May 2026
Days on market
37
Average pace
Redfin, through May 2026
Active listings
1
1.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$219,402
Home costs 7.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.4%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lexington a buyer's or seller's market?
Seller's market1.0 months of supply37 days on market99.4% of asking
Lexington, MA is a seller's market, based on 1.0 months of supply and homes selling in about 37 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lexington housing market data show?
Every row below is Redfin's final published month for Lexington, MA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $2.13M |
| Year-over-year price change | +57.4% |
| Median price per sq ft | $448/sq ft |
| Median days on market | 37 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 99.4% |
| Homes sold (that month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lexington is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lexington is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lexington home prices moved?
Over the last three years the median sale price in Lexington, MA rose 37.1%, from $1.55M to $2.13M. The live Zillow value series has fell 0.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 100.0% of Lexington listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 99.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lexington?
Priced off the typical home value of $1.57M at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $314,963 | $1.26M | $8,407/mo |
| 5% | $78,741 | $1.50M | $9,984/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $8,407, that implies roughly $360,309 a year before you add taxes and insurance. The median household in Lexington earns $219,402, about $140,907 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.2x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lexington in the next 12 months?
Tell us your timeline. We send the Lexington market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lexington?
Typical asking rent in Lexington, MA is $3,902/mo, against a typical home value of $1.57M. That is a price-to-rent ratio of 33.6x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $8,407 a month — $4,506 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Lexington?
Active listings in Lexington, MA went from 2 in May 2025 to 1 in May 2026, a -50.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 74 | 47 |
| July 2025 | 1 | not published |
| August 2025 | 1 | not published |
| September 2025 | 66 | 54 |
| October 2025 | 68 | 31 |
| November 2025 | 45 | 6 |
| December 2025 | 36 | 8 |
| January 2026 | 33 | 19 |
| February 2026 | 49 | 29 |
| March 2026 | 73 | 52 |
| April 2026 | 123 | 96 |
| May 2026 | 1 | not published |
Redfin, through May 2026
How does Lexington compare to Massachusetts and the U.S.?
Lexington homes sell for $2.13M — 209% above the Massachusetts median of $688,100. Against the national median of $410,700, Lexington runs 417% higher. Year-over-year, Lexington moved +57.4% against Massachusetts's +0.8% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lexington, MA | $2.13M | +57.4% | 37 days |
| Massachusetts statewide | $688,100 | +0.8% | 21 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lexington
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 100.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $1,576 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $1.57M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lexington listing goes under contract in 37 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved -0.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Lexington varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Lexington
There are currently 1 homes listed for sale in Lexington, Massachusetts. Featured listings range from $998,000 to $4,750,000.
New Listing
34
$1,199,000
94 Middle St
Lexington, MA 02421
4 bd2 ba1,625 sqft$738/ft²
House8,177 sqft lot
View photos & details
New Listing
42
$1,488,000
31 Fuller Rd
Lexington, MA 02420
4 bd3 ba2,821 sqft$527/ft²
House6,760 sqft lot
View photos & details
New Listing
41
$1,495,000
542 Concord Ave
Lexington, MA 02421
5 bd3 ba2,466 sqft$606/ft²
House17,770 sqft lot
View photos & details
New Listing
34
$1,525,000
847 Massachusetts Ave
Lexington, MA 02420
4 bd3 ba2,618 sqft$583/ft²
House5,880 sqft lot
View photos & details
New Listing
42
$1,630,000
117 Cedar St
Lexington, MA 02421
4 bd3 ba2,910 sqft$560/ft²
House12,500 sqft lot
View photos & details
New Listing
35
$1,989,000
9 Holton Rd
Lexington, MA 02421
5 bd5 ba3,919 sqft$508/ft²
House13,300 sqft lot
View photos & details
New Listing
42
$2,099,000
25 Liberty Ave
Lexington, MA 02420
5 bd4 ba3,981 sqft$527/ft²
House7,500 sqft lot
View photos & details
New Listing
42
$2,100,000
33 Turning Mill Rd
Lexington, MA 02420
5 bd4 ba3,424 sqft$613/ft²
House40,075 sqft lot
View photos & details
New Listing
42
$3,249,500
8 Dane Rd
Lexington, MA 02421
5 bd7 ba5,688 sqft$571/ft²
House16,807 sqft lot
View photos & details
New Listing
42
$3,395,000
64 Hill St
Lexington, MA 02421
5 bd3 ba4,361 sqft$778/ft²
House29,621 sqft lot
View photos & details
New Listing
35
$4,750,000
4 Adams St
Lexington, MA 02420
6 bd6 ba7,882 sqft$603/ft²
House36,155 sqft lot
View photos & details
Looking to buy in Lexington?
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Active listings
1
Homes on market
Avg. days on market
37
Days until sale
Price drops:100.0%of listings
Sale-to-list:99.4%
How much do homes cost in Lexington by property type?
How the Lexington, MA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.73M | $594/sq ft | 29 | 17 days |
| Condo / co-op | $525,907 | $407/sq ft | 1 | 22 days |
| Townhouse | $1.25M | $546/sq ft | 2 | 52 days |
Who lives in Lexington?
American Community Survey estimates for Lexington. U.S. Census ACS, 2023
Population
34,085
Households
12,337
Median income
$219,402/yr
Median age
46.6 years
Owner-occupied
81.0%
Median home value
$1.15M
Median gross rent
$2,816/mo
Mean commute
30.5 min
81.0% of occupied homes in Lexington are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $1.15M against Zillow's $1.57M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $2,816/mo, below Zillow's $3,902/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Lexington?
11 schools tracked · 7,488 students
The largest public schools serving Lexington, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lexington High
Grades 9-12 · 2,318 students
Wm Diamond Middle
Grades 6-8 · 927 students
Jonas Clarke Middle
Grades 6-8 · 810 students
Minuteman Regional High
Grades 9-12 · 683 students
Maria Hastings
Grades K-5 · 631 students
Joseph Estabrook
Grades K-5 · 537 students
Bowman
Grades K-5 · 428 students
Harrington
Grades K-5 · 378 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lexington, MA?
Ordered by distance from Lexington, not by size. Compare Lexington side by side with any of them.
Which ZIP codes are in Lexington?
These are the ZIP codes we see on active Lexington listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Lexington housing market FAQ
Is Lexington a buyer's or seller's market?
Lexington, MA is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 37 days, and sellers getting 99.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lexington?
The typical home in Lexington, MA is worth $1.57M (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $2.13M, about $448 per square foot.
Is Lexington cheaper than the rest of Massachusetts?
Lexington's median sale price of $2.13M is 209% higher than the Massachusetts statewide median of $688,100, and 417% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lexington?
Homes in Lexington, MA spent a median of 37 days on market before going under contract, versus 21 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Lexington?
At the current 30-year fixed rate of 7.03%, 20% down on a $1.57M home is about $8,407 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $360,309 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $219,402.
Are home prices rising in Lexington?
The typical home value in Lexington, MA fell 0.6% over the last 12 months, from $1.59M to $1.57M (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lexington?
Lexington ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lexington?
That depends on your timeline, not on a headline. What the data says today: Lexington, MA is a seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 33.6x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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