The Collaborative International Dictionary of English v.0.48:

Modernity \Mo*der"ni*ty\, n.
   Modernness; something modern. --Walpole.
   [1913 Webster]

WordNet (r) 3.0 (2006):

modernity
    n 1: the quality of being current or of the present; "a shopping
         mall would instill a spirit of modernity into this village"
         [syn: modernity, modernness, modernism,
         contemporaneity, contemporaneousness]