Enjoy this Lexington Market Report for the 2nd QTR 2020. Statistics include Median and Average Sales Price, Inventory Levels, Days on Market, and Months Supply. If you need assistance in buying or selling a home in Lexington, North Carolina contact Megan Clement with Keller Williams Realty at 336-239-7501
- 2nd QTR 2020 Lexington Market Report
- Median & Average Sales Price Comparison
- Shop Lexington Homes under 200K
- Inventory & Pending Sales by Property Type
- Lexington Market Report on Closings and Inventory
- Lexington New Construction under 225K
- DOM by Price Range & Average Sales Price by Price Range
- Browse Lexington New Construction under 400K
- Map of Lexington in Davidson County
- Request More Information
2nd QTR 2020 Lexington Market Report
At the end of the 2nd QTR 2020, there are 244 Single-Family Homes and 2 Townhomes pending in the Lexington Real Estate Market. Inventory at the end of June is 118 Single-Family Homes and 5 Townhomes available for sale.
The Median Sales Price for Single-Family Homes is $175,000. This is an increase of 16.7% from 2019 when the Median Sales Price was $150,000. The Median Sales Price for a Townhome is $249,508. This is an increase of 5.7% from 2019.
The Average Sales Price for Single-Family Homes in Lexington is $ 198,111. This is an increase of 13.9% from the 1st QTR 2020. The Average Sales Price for a Townhome is $ 217,718. This is up 2.7% from the 2nd QTR in 2019 when the Average Sales Price for a Townhome was $ 211,974.
You might also like to read:
Davidson County Market Watch Report – 1st QTR 2020
Davidson County Market Watch Report – 4th QTR 2019
Median & Average Sales Price Comparison
| Month | Original Price, Median | Sale Price, Average |
|---|---|---|
| Jan 2019 | $156,490 | $161,870 |
| Feb 2019 | $198,000 | $150,181 |
| Mar 2019 | $137,900 | $149,890 |
| Apr 2019 | $158,990 | $167,678 |
| May 2019 | $139,950 | $152,136 |
| Jun 2019 | $151,490 | $166,380 |
| Jul 2019 | $164,400 | $177,299 |
| Aug 2019 | $159,900 | $185,329 |
| Sep 2019 | $144,900 | $182,140 |
| Oct 2019 | $150,000 | $163,167 |
| Nov 2019 | $153,700 | $186,295 |
| Dec 2019 | $138,900 | $176,110 |
| Jan 2020 | $199,500 | $174,880 |
| Feb 2020 | $131,450 | $196,104 |
| Mar 2020 | $152,900 | $181,674 |
| Apr 2020 | $159,900 | $209,148 |
| May 2020 | $149,900 | $157,130 |
| Jun 2020 | $189,900 | $191,619 |
Time frame is from Jan 2019 to Jun 2020
Shop Lexington Homes under 200K
Inventory & Pending Sales by Property Type
Home Inventory for Lexington, NC
Pending Listings for Lexington, NC
Lexington Market Report on Closings and Inventory
A total of 245 Single-Family Properties closed during the 2nd QTR in 2020. This is an increase of 3.8% from 2019 when there were 236 closings. To understand how fast this market is moving, 149 of the closed homes in the 2nd quarter 2020 were under contract within the first 30 days on the market.
A total of 12 Townhomes closed during the 2nd QTR in 2020. This is an increase of 50% from 2019 when there were 8 closings.
Analysis of the absorption rate indicates an inventory of 1.5 months for Single-Family Homes and a 1.4 months supply of inventory for Townhomes in the Lexington Real Estate Market.
Lexington New Construction under 225K
DOM by Price Range & Average Sales Price by Price Range
Days on Market in Lexington by Price
Average Home Price in Lexington
Browse Lexington New Construction under 400K
Request More Information
