From January through July 2025, the real estate markets in Lexington and Lincoln, Massachusetts, moved in notably different directions.
Lexington’s single-family market experienced a slight decline in sales from the previous year. New listings expanded, and the median price jumped to nearly $2 million. Sellers continued to secure, on average, sale prices that exceeded the original list price.
Lincoln, by contrast, posted a modest increase in single-family sales, accompanied by even more substantial price gains, but with fewer new listings and a noticeable easing in the list-to-sale price ratio.
The Lexington real estate market is significantly larger than that of Lincoln, with house sales through July more than six times those of Lincoln.
The following data, compiled by the Massachusetts Association of Realtors (MAR), compares the first seven months of 2025 to the same period in 2024, as well as July 2025 to July 2024.
Year-to-Date Comparison (January–July 2025 vs. 2024)
Single-Family Properties
Closed Sales:
• In Lexington, sales decreased 2 percent from 161 to 158.
• In Lincoln, sales increased by two houses (9 percent) from 23 to 25.
Median Sales Price:
• The median sales price in Lexington increased 13 percent from $1,750,000 to $1,985,000.
• In Lincoln, the median house price increased more than 15 percent from $1,600,000 to $1,850,000.
New Listings:
• New listings over the first seven months of 2025 increased nearly 23 percent from 213 to 261 in Lexington.
• New listings decreased 2 percent in Lincoln from 41 to 40.
Percent of Original List Price Received:
• In Lexington, the percentage of the original list price that homebuyers paid, on average, increased by 0.3 percent from 102.4 percent to 102.7 percent.
• In a signal that home-buying competition has cooled somewhat in Lincoln in 2025, the percentage of the original list price received decreased by 5.2 percent from 107.4 percent to 101.8 percent, on average.
Condominiums
Closed Sales:
• In Lexington, sales were unchanged, with 24 units sold, in the first seven months of both years.
• In Lincoln, sales decreased 31 percent from 13 to 9 units sold.
Median Sales Price:
• The median condo price in Lexington increased 6 percent from $839,000 to $887,500.
• In Lincoln, the median sales price increased 20 percent from $646,000 to $775,000.
New Listings:
• In Lexington, new condo listings increased by one (3 percent) from 30 to 31.
• New listings decreased by 23 percent from 13 to 10 in Lincoln.
Percent of Original List Price Received:
• In Lexington, the percentage of the original list price that homebuyers paid for condominiums increased by 2 percent from 101.5 percent to 103.8 percent.
• The percentage of the original list price homebuyers paid, on average, decreased 0.5 percent, from 100.5 percent to 100.0 percent.
⇒ Lincoln, Massachusetts, Dynamically-updated Single-family Market Activity Report
⇒ Lexington, Massachusetts, Dynamically-updated Single-family Market Activity Report
July 2025 vs. July 2024
Single-Family Properties
Closed Sales:
• In Lexington, house sales increased 27 percent from 33 in July 2024 to 42 last month.
• In Lincoln, there were only four sales in July, a 50 percent decrease from the eight sales recorded in July 2024.
Median Sales Price:
• In Lexington, the median house price increased 26 percent from $1,590,000 to $1,997,500.
• The median sales price in Lincoln increased more than 16 percent from $1,482,500 to $1,726,500.
New Listings:
• In Lexington, new listings increased 29 percent from 21 to 27.
• In Lincoln, new listings increased by two (40 percent) from 5 to 7.
Percent of Original List Price Received:
• In Lexington, homebuyers paid, on average, 102.7 percent of the original list price in July, a 1 percentage point decrease from 103.7 percent in July 2024.
• In Lincoln, the percentage of the original list price received decreased 2.7 percent from 107.7 percent to 104.8 percent.
Condominiums
Closed Sales:
• Condo sales increased from two to four in Lexington.
• In Lincoln, sales were unchanged at 2 in July of both years.
Median Sales Price:
• In Lexington, the median condo price decreased 16 percent from $636,250 to $535,000.
• In Lincoln, the median sales price increased 20 percent in July, rising from $533,500 in July 2024 to $641,750.
New Listings:
• In Lexington, the number of new listings decreased by one from five to four.
• In Lincoln, the number of new listings decreased from three to one in July 2025.
Percent of Original List Price Received:
• In Lexington, the percentage of the original list price that homebuyers paid, on average, increased by 3.8 percent from 100.6 percent to 104.4 percent.
• On average, home buyers paid 99.8 percent of the original list price for condominiums in July, a 3.7 percent decrease from 103.6 percent to 99.8 percent.
Key Takeaways
Single-Family: Through July, both towns saw strong price appreciation, with Lincoln outpacing Lexington on median price gains. Lexington added substantial supply and held list-price strength, while Lincoln’s sellers captured a smaller share of list price than last year. In July, specifically, Lexington’s sales volume jumped, while Lincoln’s fell; however, both towns posted double-digit price gains in July.
Condominiums: Through the first seven months of 2025, Lexington’s condo market held volume and gained on price and list-price attainment, while Lincoln’s condo market contracted on sales despite notable price appreciation. In July, Lexington’s condo prices dipped even as sales doubled and list-price attainment improved. In contrast, Lincoln’s condominium prices rose, but the percentage of the original list price that home buyers paid softened.
