Charles River Properties LLC

Lexington, MA

Single-Family Homes

Massachusetts Broker License Number 9043



Lexington, MA

Mon Jun 21 2021
This week the median list price for Lexington, MA is $2,099,900 with the market action index hovering around 76. This is an increase over last month's market action index of 75. Inventory has increased to 39. Click here to stay informed with the Lexington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Lexington, MA

Mon Jun 21 2021
This week the median list price for Lexington, MA is $2,099,900 with the market action index hovering around 76. This is an increase over last month's market action index of 75. Inventory has increased to 39. Click here to stay informed with the Lexington market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Lexington market.
Median List Price $2,099,900
Median Price of New Listings $1,589,500
Per Square Foot $448
Average Days on Market 78
Median Days on Market 21
Price Decreased 10%
Price Increased 3%
Relisted 5%
Inventory 39
Median Rent $4,300
Market Action 76
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,500,000 6,500 0.5 - 1 acre 6 6 1 1 0 77
$2,622,500 5,875 0.25 - 0.5 acre 5 6 0 2 1 98
$1,664,500 3,971 0.25 - 0.5 acre 5 3 33 5 7 3
$998,500 2,163 0.25 - 0.5 acre 3 2 65 4 5 7