October's First-Time Homebuyer Report for Lexington

Lexington is a larger than average city in Massachusetts that has seen a 3.2% increase in population over the last 10 years. It also has a total population of 31,394. Lexington is made up of homes that are considered older than most with a median of 53 years. Leading the list of best schools in the city are Maria Hastings, Jonas Clarke Middle School, and Lexington High School.

Culture

If you are interested in the top stores to shop in Lexington, Foursquare says that H Mart, Wilson Farm, and Market Basket are the most popular places to buy a few things. Great outdoor attractions are Lexington Green and Stonemeadow Golf. You could also go see the popular National Heritage Museum and Lexington Venue if you're interested in arts and entertainment.

Price Range

Homes in Lexington are generally more expensive than others in the state with a median home value of $633,300 and an average list price of $1,639,997. Over the last 30 days, 24 homes were sold in the Lexington market, down 4.0%. Additionally, the market is still in a confirmed downward trend overall.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Lexington:

$3.2M   $3M   $2.4M  

Typical Dwelling

A four-bedroom detached home valued around $1,082,980 is considered a typical dwelling in Lexington. If a buyer was looking for a similar home, they would need good credit and a $216,596 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $4,715 and the property tax rate is $11.70 per $1,000 of taxable assessed value.

Get started right now by checking out Lexington homes for sale or reviewing Lexington real estate trends.


Data reported through 10/13/2016

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