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Sarah Mitchell
Compass Real Estate · ZIP 02421
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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02421 ZIP Code Housing Market
$1.75Mmedian sale price
What is the 02421 housing market like right now?
The median home sale price in ZIP code 02421 is $1.75M, down 2.8% year-over-year. Homes sell in an average of 18 days with 54 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 02421 ZIP code a buyer's or seller's market?
ZIP code 02421 is currently a seller's market and homes selling in about 18 days. How we determine this →
What are the latest 02421 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $1.75M |
| Median list price | $1.79M |
| Year-over-year price change | -2.8% |
| Average days on market | 18 days |
| Active inventory | 54 listings |
| Sale-to-list price ratio | 103.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 02421 zip code, located in Lexington, MA, is currently classified as a seller's market. The median sale price stands at $1.75M, representing a -2.8% change year over year. Homes in this area spend an average of 18 days on the market before going under contract. There are currently 54 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 02421 sits in the Lexington, MA area, roughly 0.7 miles from downtown Lexington. Because home prices are set street by street, this ZIP can move differently from Lexington's citywide averages. The figures below reflect 02421 specifically — drawn from Redfin transactions, U.S. Census data for its 18,080 residents, and Zillow value estimates.
Homes sold
36
Last 12 weeks
Days on market
18
Fast-moving
Active listings
54
Sale-to-list
103.1%
Above asking
What is driving the 02421 housing market?
The 02421 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 103.1% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 02421 have declined -2.8% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 02421 stands at $1.67M, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $4,241 per month. This gives a price-to-rent ratio of approximately 32.9, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 02421?
Population
18,080
Median income
$227,813/yr
Median age
48.2 years
Owner-occupied
75.9%
College grads
83.2%
Avg commute
23.71 min
What is it like living in 02421?
Zip code 02421 is home to approximately 18,080 residents. The median household income is $227,813 per year, which shapes the types of homes and amenities available in the area. With a median age of 48.2 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 75.9% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 83.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 23.71 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 02421.
Which public schools serve ZIP 02421?
7 schools tracked · 5,311 students
The largest public schools serving ZIP code 02421 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
Jonas Clarke Middle
Grades 6-8 · 810 students
Minuteman Regional High
Grades 9-12 · 683 students
Maria Hastings
Grades K-5 · 631 students
Bowman
Grades K-5 · 428 students
Bridge
Grades K-5 · 365 students
Lexington Children's Place
Grades PK · 76 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 02421
What is the median home price in 02421?
The current median sale price in 02421 is $1.75M, based on recent Redfin transaction data. Prices have changed -2.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 02421 a buyer's or seller's market?
The 02421 zip code is currently classified as a seller's market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 02421?
Zip code 02421 has a population of approximately 18,080 residents. The median household income is $227,813 per year. About 75.9% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 02421?
Properties Incorporated provides comprehensive data for 02421 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 02421 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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