Lexington Real Estate (02420): Homes Still Sell Strong — But Over-Asking Offers Are Slipping
- Bob Wiltse
- Aug 6
- 2 min read
Bob Wiltse, REALTOR®
August 6, 2025
As of August 6, 2025, the Lexington, MA (02420) single-family home market reflects notable shifts compared to the same period in 2024. While prices continue to climb, buyer demand is moderating slightly.
Let’s dive into the year-over-year trends and what they mean for buyers and sellers.
🔍 Closed Sales & Market Activity
Metric | 2024 | 2025 | Δ | Δ % | Trend |
Closed Units (Sold) | 77 | 73 | -4 | -5.19% | ▼ Slightly down |
Average Days on Market (DOM) | 51 | 49 | -2 | -3.92% | ⬇ Faster sales |
Average Days to Offer (DTO) | 35 | 27 | -8 | -22.86% | ⬇ Much quicker offers |
Key Insight: Although fewer homes have sold in 2025 so far, they’re selling slightly faster and receiving offers much quicker, a sign that serious buyers remain active despite fewer transactions overall.
💰 Pricing Trends
Metric | 2024 | 2025 | Δ | Δ % | Trend |
Average Sale Price | $2,019,773 | $2,328,576 | +$308,803 | +15.29% | ▲ Strong increase |
Average List Price | $1,980,438 | $2,320,514 | +$340,076 | +17.17% | ▲ Higher listings |
Average Original List Price | $2,029,551 | $2,356,088 | +$326,537 | +16.09% | ▲ Climbing starts |
Key Insight: Sale prices are up more than 15%, with list prices climbing even higher. Sellers are pushing the limits, and buyers are meeting them, though not as aggressively as in 2024.
📊 Sale Price vs. List Price Ratios
Metric | 2024 | 2025 | Δ | Δ % | Trend |
Sale Price as % of List Price | 103.94% | 101.93% | -2.01% | -1.93% | ▼ Less over-asking |
Sale Price as % of Original List Price | 102.20% | 100.84% | -1.36% | -1.33% | ▼ Narrowing gap |
Key Insight: While homes are still selling close to asking, the competitive frenzy is calming. Over-asking offers are down slightly, suggesting buyers are more price-conscious.
What This Means for Sellers
Sellers continue to benefit from a high-price environment. However, the drop in closed sales and softening over-ask ratios means that pricing strategically is key. Buyers are still motivated but cautious. Homes that show well and are priced appropriately are moving quickly.
What This Means for Buyers
Buyers face higher prices, but the pace of the market offers more breathing room. With fewer bidding wars and more inventory on the market (as shown by the increasing months of supply), now is a smart time to act before prices climb further.
Final Thoughts
Lexington’s single-family market in 02420 remains resilient and competitive, with high average prices and quick turnarounds. But the slight dip in activity and tightening margins indicate a market shifting toward balance.
📲 Thinking of buying or selling in Lexington? Let’s talk about your goals and how today’s numbers impact your plans.
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