Charles River Properties LLC

Lexington, MA

Condos/Townhomes

Massachusetts Broker License Number 9043



Lexington, MA

Mon Jun 21 2021
This week the median list price for Lexington, MA is $792,450 with the market action index hovering around 62. This is less than last month's market action index of 66. Inventory has decreased to 10. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Lexington, MA

Mon Jun 21 2021
This week the median list price for Lexington, MA is $792,450 with the market action index hovering around 62. This is less than last month's market action index of 66. Inventory has decreased to 10. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Lexington market.
Median List Price $792,450
Median Price of New Listings $779,950
Per Square Foot $535
Average Days on Market 51
Median Days on Market 42
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent $2,510
Market Action 62
Strong Seller's Market

The market seems to have paused around this plateau. 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
$1,404,000 2,620 - 5 3 1 0 0 143
$1,062,000 2,622 0 - 4,500 sqft 3 3 21 0 2 24
$785,000 1,291 0 - 4,500 sqft 2 2 4 2 1 0
$559,900 1,122 0 - 4,500 sqft 2 1 43 0 1 49