Home Values

Lexington Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$780,100

  • 2.3% 1-year change
  • -0.3% 1-year forecast

The median home value in Lexington is $780,100. Lexington home values have gone up 2.3% over the past year and Zillow predicts they will fall -0.3% within the next year. The median list price per square foot in Lexington is $411, which is higher than the Boston Metro average of $225. The median price of homes currently listed in Lexington is $1,175,000 while the median price of homes that sold is $921,750. The median rent price in Lexington is $2,465, which is higher than the Boston Metro median of $2,195.

Foreclosures will be a factor impacting home values in the next several years. In Lexington 0.6 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lexington is 2.3%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lexington homeowners underwater on their mortgage is 2.7%, which is lower than Boston Metro at 10.6%.

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Relative ZHVI
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Lexington Market Overview

Data through Oct 31, 2014
  • $780,100 ZHVI
  • -0.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $1,175,000 Median listing price
  • $921,750 Median sale price (Aug 31, 2014)
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Lexington Market Health

Data through Oct 31, 2014
  • 4.6/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 2.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.6 homes(Aug 31, 2014) Lexington
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Lincoln $948,100
Winchester $816,300
Belmont $781,400
Name Median ZHVI
Bedford $585,000
Arlington $564,900
Watertown $447,200
Name Median ZHVI
Burlington $439,000
Waltham $432,900
Woburn $373,600

Listings & Sales

Data through Oct 31, 2014
  • $411 Median list price / sq ft
  • $436 Median sale price / sq ft (Aug 31, 2014)
  • 42.7% Listings with price cut
6.0%
Sold below listing
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Lexington Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $3,005 Lexington
    $2,135 Boston Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,465 Rent list price
  • $2.06 Rent list price / sq ft
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