Real Estate Agents Lexington

The Lexington, Massachusetts real estate market remains highly competitive, with homes experiencing significant price appreciation over the past year. As of May 2024, the median home value in Lexington stands at $1,593,394, representing a substantial 12.4% increase from the previous year.

Price Appreciation and Market Trends

Lexington’s housing market has shown remarkable resilience and growth. Homes for sale in Lexington are in high demand due to the city’s vibrant community and excellent amenities. Buyers find great value and a wonderful lifestyle in Lexington, MA homes for sale. Single-family homes have experienced varying levels of appreciation based on bedroom count:
– 1-bedroom homes: 4.3% increase – 2-bedroom homes: 4.8% increase
– 3-bedroom homes: 16.3% increase – 4-bedroom homes: 5.0% decrease
– 5+ bedroom homes: 0.5% decrease

Despite some fluctuations in larger homes, the overall trend indicates strong price appreciation, particularly for smaller and mid-sized properties.

Homes for Sale

As of May 2024, there were 125 houses for sale in Lexington, MA, representing a 28.9% increase from the previous month. The inventory breakdown by bedroom count is as follows:
– 1-bedroom: 1 home – 2-bedrooms: 8 homes – 3-bedrooms: 23 homes
– 4-bedrooms: 33 homes – 5+ bedrooms: 60 homes

This increase in inventory provides more options for potential buyers, but the market remains competitive.

Available Homes for Sale in Lexington MA

Pushing the envelope for residential design aesthetic this 9,700 SF home places an emphasis on an open floor plan and merging of indoor and outdoor spaces based on a vision of an organic, modern oasis. The design celebrates and showcases a contemporary lifestyle where architectural planes complement private sprawling lawns and structural landscaping techniques to create ample leisure space along with picturesque views, all framed by over 100 expansive windows and glass doors. Up to 14' ceilings, an 8' wide corridor connects the kitchen/living/dining space, gym, game room, library and TV room. Hand sawn white oak floors and beams, 5 fireplaces including a cozy terrace with outdoor fireplace, walk in pantry, 3 offices, attached guest wing with private deck, vaulted ceilings, home theater with custom built seating, primary suite with fireplace, steam shower and sauna, elevator accessing all floors, mudroom, outdoor hot tub, 3 car garage. Smart home technology, geothermal heat, generator.

$6,495,000 Pending

11 Robbins Road Lexington, Massachusetts

6 Beds 7 Baths 9,700 SqFt 1.32 Acres

The best has gotten even better! Over $150,000 of additional builder customization has been added + $100,000 price improvement. Designed by renowned architect Marcus Gleysteen and built by one of the area’s finest home builders, this property redefines modern luxury in Lexington. A rare opportunity to own a fully-custom, move-in-ready contemporary home with state-of-the-art construction and finely-tailored finishes, making this high-performance home second-to-none. Expansive living spaces all above-ground, this home elevates your experience of both the comfortable everyday luxuries as well as effortless entertaining. Amenities include: Gym with space for Golf Simulator, Game Room, Playroom, Library/Office, 1st Floor Bedroom Suite, and an Outdoor Kitchen and Dining Terrace for indoor/outdoor living at its best! Extensive professional landscaping to match! Located in convenient proximity to Lexington’s most desirable retail amenities, schools, and transit (including private aviation).

$6,150,000 Active

23 Thoreau Rd. Lexington, Massachusetts

6 Beds 10 Baths 8,649 SqFt 0.7 Acres

The lifestyle of your dreams awaits in this one-of-a-kind, New England shingle-style home, expertly crafted to meet the demands of modern living and set close to the town center with secluded outdoor spaces and a wildflower meadow. Whether hosting a grand soiree or an intimate family gathering, this home will elevate your entertaining endeavors. The stunning chef’s kitchen has slate counters, large breakfast bar island, informal dining, high end appliances, and seamless flow to the informal dining area and spectacular family room beyond. The backyard evokes the enchanting charm of a secret garden, perfect for entertaining with a wraparound stone porch, patio, and outdoor kitchen. Work from home in the private library or unwind in the billiard room. The luxurious primary suite has a huge walk-in closet, private balcony, fireplace and spa bathroom with a huge marble shower and jacuzzi tub. Third level teen/au pair suite and lower level with second family room, craft room, gym, and sauna.

$5,500,000 Active

197 Grant St Lexington, Massachusetts

5 Beds 8 Baths 9,825 SqFt 1.15 Acres

Stunning new residence in the sought-after Sun Valley area. This property offers an unparalleled blend of elegance and modern convenience, perfect for discerning luxury buyers. Spanning 4 levels of meticulously finished space, this home features 7 spacious bedrooms, 8 bathrooms, & 2 half bathrooms. The expansive layout is complemented by an elevator that serves all 4 levels, ensuring access throughout the home. The gourmet kitchen is a chef's dream, equipped with top-end appliances. The property is on a beautifully landscaped .8-acres, providing ample space for outdoor activities & screened outdoor patio with a wood burning fireplace. Car enthusiasts will love the 3-car garage. Option to add an additional 600+/- SF detached structure. This home caters to every need and desire, offering a lifestyle of luxury & comfort. The prestigious Sun Valley area allows you to enjoy Lexington’s top-rated schools, restaurants, & quick drive to Boston. This is more than just a home; it's a lifestyle.

$5,480,000 Active

10 Fairlawn Lane Lexington, Massachusetts

7 Beds 10 Baths 9,341 SqFt 0.78 Acres

Sophisticated elegance on approximately an acre of land in highly desirable neighborhood. A warmth upon entering through the grand foyer reveals an abundance of natural light and 76 impressive oversized windows. Beautiful architectural elements are revealed as the floor plan flows through an open concept chef's kitchen • butler's pantry • 5 entertaining rooms • 2 private home offices • media room • 6 en suite bedrooms • main level bedroom suite • fitness center • game room • sports bar with lounge • wine cellar and tasting room • 2 large stone patios • outdoor kitchen and fireplace • tranquil views of large flat private rear yard • 3 car heated garage. Nearby entrance to 150 acres of historic conservation land including trails, ponds, meadows, and antique stone walls. Just blocks to historic Lexington center and both elementary and middle schools. Easy commuter location to routes 3, 2 and I-95.

$5,395,000 Active

23 Burroughs Road Lexington, Massachusetts

6 Beds 10 Baths 8,220 SqFt 0.69 Acres

Embrace this stunning canvas to personalize your new beginning in a Merriam Hill gem. Offering quiet luxury and exceptional space, this residence boasts 6 bedrooms, impressive ceiling height, remarkable woodwork, and meticulous attention to detail throughout. Located in this tightly-held neighborhood, the home showcases rare quality and meticulous construction. To fully appreciate its unique attributes, we encourage you to request a detailed feature sheet and the builder's resume, and to schedule two private viewings, one of which we recommend be in the evening. This level of meticulous construction and generous living space is a rare find, valued and understood by a polished few.

$5,188,000 Pending

9 Chandler Street Lexington, Massachusetts

5 Beds 7 Baths 6,687 SqFt 0.4 Acres

With its prime location, contemporary design, and an array of thoughtful upgrades, this property offers a lifestyle of comfort and sophistication. You'll be greeted by a beautifully landscaped front yard, setting the tone for what awaits inside. Step through the elegant front door, and you'll be immediately captivated by the bright and spacious interior with a stunning spiral staircase. The open-concept living spaces are flooded with natural light, with floor-to-ceiling windows. The gourmet kitchen is a chef's dream, boasting top-of-the-line stainless steel appliances, quartz countertops, and ample cabinet space. It seamlessly flows into the inviting family room with a magnificent fireplace wall - perfect for gatherings with loved ones. The formal dining room provides additional space for entertaining. Upstairs, the master suite is a true sanctuary, featuring a spa-like ensuite bathroom with a soaking tub and a fire-placed sitting room. Outside, the backyard, a private oasis.

$4,600,000 Active

15 Tyler Road Lexington, Massachusetts

6 Beds 7 Baths 7,739 SqFt 0.69 Acres

Burnham Estates, 1 of the most exclusive neighborhoods in Lexington is the location of this exquisite new construction house. This 6 bedroom, 8 bathroom home has over 6,000 sf of finished living area on two floors. The primary suite alone has 836 sf of living area & its own fireplace to enjoy, on a winter night. Only a 5 minute walk to both the Fiske Elementary & Diamond Middle Schools, this house has everything today's luxury buyer is looking for. The Chef's kitchen boats all S&S high-end appliances. There are 3 refrigerators, 3 dishwashers, 3 fireplaces, a 3 car garage & there is a 1st floor suite & 2nd staircase to all 3 levels of the house. The ceiling in the foyer is 19 feet tall, which sets the stage for this grand house. The natural light that flows in is amazing, the large 4 sliders on the backside of the house make this possible. There is an additional 1770 sf of unfinished storage in the basement. To many details to list, just bring your furniture & make this your next home.

$4,595,000 Active

3 Brown Road Lexington, Massachusetts

6 Beds 8 Baths 6,196 SqFt 0.7 Acres

Truly a dream home! This residence epitomizes thoughtful design, maximizing every space for optimal living. The first floor centers around a deluxe kitchen boasting double islands, breakfast area & a family room. Enhanced by surround sound, the family room creates an inviting atmosphere. Extend your living space to the deck and patio overlooking a tranquil backyard. For a serene retreat, find solitude in the library, formal living room, or office/bedroom. Casual to formal gatherings transition seamlessly thanks to the butler’s pantry with a second dishwasher, refrigerator, and sink. Unwind in your lavish primary suite, featuring a sitting area, fireplace, and opulent bathroom. Additional bedrooms each boast en-suite facilities. The lower level caters to the active individual with a bonus room, gym, bedroom, and bath, with potential to craft a media room or golf simulator. Notably, the property qualifies for membership in the Sun Valley Swim & Tennis Club. Come make it yours!

$4,275,000 Active

19 Fiske Road Lexington, Massachusetts

6 Beds 8 Baths 7,790 SqFt 0.7 Acres

What Buyers Should Look Out For

Competitive Bidding: The Lexington market is very competitive, with homes receiving an average of 7 offers. Buyers should be prepared for potential bidding wars and consider making strong, competitive offers.
Quick Sales: On average, homes in Lexington sell after just 16 days on the market. Buyers need to act swiftly when they find a property they like.
Above-List Pricing: Many homes in Lexington sell for above the list price. The average home sells for about 4% above the list price, while hot homes can go for up to 9% above list price. Buyers should factor this into their budget and expectations.
Waived Contingencies: In this competitive market, some buyers waive contingencies to make their offers more attractive. While this can strengthen an offer, it also increases risk. Buyers should carefully consider the implications before waiving any contingencies.
Mortgage Rates: While rates are projected to decline throughout 2024, they remain higher than in recent years. Buyers should stay informed about rate trends and consider how they might affect affordability.
Property Types: The Lexington market consists of new construction (16%), off-market teardowns (11%), and existing homes (73%). Buyers should consider their preferences and the potential costs associated with each type of property.
Demographic Shifts: An increase in Millennials entering the housing market and Baby Boomers downsizing is influencing market dynamics. This could affect competition for certain types of properties.
Presentation and Pricing: Homes that are well-presented, properly marketed, and realistically priced tend to perform better. Buyers should look beyond the listing price and consider the overall value and condition of the property.

Benefits of Buying a House or Condo in Lexington

Purchasing a property in Lexington, MA offers several advantages:

Top-Ranked Schools: Lexington is home to some of the best public schools in Massachusetts, making it an excellent choice for families.
Vibrant Community: The town offers a welcoming atmosphere with numerous community events and activities.
Proximity to Boston: Easy access to Boston’s job market and cultural amenities makes Lexington a prime location for professionals.
Quality of Life: Lexington boasts scenic parks, historic sites, and a variety of dining and shopping options.
Investment Potential: With strong price appreciation and high demand, properties in Lexington provide excellent long-term value.

Benefits for Investors

Investors will find opportunities in the Lexington real estate market due to its:

High Rental Demand: With its proximity to Boston and top-tier schools, rental properties in Lexington are highly sought after.
Steady Appreciation: Lexington’s housing market consistently shows strong price growth.
Diverse Property Options: From condos for sale in Lexington to single-family homes, there’s something for every investment strategy.

Best Real Estate Agents in Lexington

Working with knowledgeable and experienced real estate agents in Lexington is essential to navigating this competitive market. The best agents provide:

In-Depth Market Insights: Local knowledge to help buyers and sellers make informed decisions.
Strong Negotiation Skills: Expertise to secure favorable terms in competitive situations.
Comprehensive Services: From finding houses for sale in Lexington, MA to closing deals, realtors in Lexington, MA offer end-to-end support.

At Key Prime Realty, our team of Lexington real estate agents is dedicated to helping you find the perfect property or sell your home at the best possible price.

Lexington MA Real Estate Market Report

Best Real Estate Agents in Lexington MA

At Key Prime Realty, we pride ourselves on being the premier real estate agency in the Greater Boston area. Here’s why clients trust us:

Expertise in Lexington Real Estate: Our team specializes in finding the best houses and condos for sale in Lexington, MA.
Personalized Service: We tailor our approach to meet your unique needs and preferences.
Proven Track Record: With a history of successful transactions, we’ve earned a reputation as trusted Lexington real estate agents.
Comprehensive Support: From the initial search to closing, we’re with you every step of the way.

Contact Key Prime Realty today to start your journey to finding your dream home or investment property in Lexington, MA!

For inquiries contact:

Call Us
781-790-4440

Mail Us:
[email protected]
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Corporate Headquarters
30 Eastbrook Rd, Dedham, MA 02026, USA.

FAQ Section

What is the average price of homes in Lexington, MA?

As of May 2024, the median home value in Lexington is $1,593,394.

Are there condos for sale in Lexington?

Yes, Lexington offers a variety of condos for sale, catering to buyers looking for low-maintenance living options.

How competitive is the Lexington housing market?

The market is highly competitive, with homes receiving an average of 7 offers and selling in just 16 days.

Should I waive contingencies when buying in Lexington?

Waiving contingencies can strengthen your offer but also increases risk. Consult with your realtor before making this decision.

What are the benefits of working with a local real estate agent?

Local agents provide valuable market insights, strong negotiation skills, and comprehensive support throughout the buying or selling process.