Why Live in Lexington Park
Spotting Lexington Park on a map, it is hard to miss the Patuxent River Naval Air Station next door. In 1943, eminent domain transformed a collecton of local tobacco farms and fishing communities into a major military base that today employs 25,000 people, accounts for most of the economy in St. Mary’s County, and supplies billions of dollars to the Maryland economy. The name “Lexington Park” comes from the USS Lexington aircraft carrier lost during World War II. “Buyers are attracted to Lexington Park for its proximity to the navy base,” says Jimmy Hayden with Re/Max Realty Group. Hayden has lived in the area his whole life, serves as the chairman of St. Mary’s County Chamber of Commerce, and has been a local Realtor since 2007. “Most businesses, government entities and developments are around the base, which affects almost everything.” With highly-rated schools, a wide range of homes, several shopping and recreation areas, and more on the way, Lexington Park is also a community that promises quality suburban living. The median home price in Lexington Park is $355,000, over 30% lower than the national median. The community is relatively new compared to other parts of Maryland;
Home Trends in Lexington Park, MD
On average, homes in Lexington Park, MD sell after 35 days on the market compared to the national average of 50 days. The median sale price for homes in Lexington Park, MD over the last 12 months is $372,500, up 9% from the median home sale price over the previous 12 months.
Median Sale Price
$372,500
Median Single Family Sale Price
$408,000
Median Townhouse Sale Price
$259,900
Median 2 Bedroom Sale Price
$240,000
Average Price Per Sq Ft
$181
Number of Homes for Sale
51
Last 12 months Home Sales
244
Median List Price
$389,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%