Lexington was settled in 1642 as the Cambridge Farms parish of Cambridge Massachusetts and was was incorporated as a town in 1713. In the beginning, Lexington was a farming community. Throughout its history the down-town has been an active location. Lexington is famous for being the site of the first shot of the American Revolutionary War, in the Battle of Lexington on April 19, 1775. This became know as the 'Shot heard round the world' when news spread about the revolution. The city prospered by being close to Boston. During the 1960's and 1970's the population significantly increased due to the region's high-tech boom.
Lexington is categorized by MAPC as an Established Suburb. These residential suburbs are characterized by single-family homes on moderately-sized lots, with a relatively affluent population. Multifamily housing and commercial developments are limited in their extent, though some have major employment and retail centers. They still contain remnants of vacant develop-able land for single family subdivisions or new office/industrial parks.
|Median Household Income:$186,201|| 2022 Sales (Single Family):318 |
|Single Family Homes:9,867||Average Sale Price (Single Family):$1,720,579|
|Condo/Townhomes:1,944||Median Sale Price (Single Family):$1,595,000|
|Homes Heating: Natural Gas:46% ||Average Sold/Original List Ratio:106.7%|
|Homes Heating: Propane:4% ||Properties Sold Over Asking:67% |
|Homes Heating: Electricity:11% |
|Homes Heating: Fuel Oil:38% || 2022 Sales (Condo):64 |
|Average Sale Price (Condo):$954,632|
|Median Sale Price (Condo):$872,500|
|Average Sold/Original List Ratio:104.0%|
|Condominiums Sold Over Asking:56% |