Is Lynn, MA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Lynn is a seller's market


Difference Since October 2022

Since last year, Lynn has remained a Seller's Market.

Key Takeaway

Lynn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Lynn, MA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since October 2022


Key Takeaway

Homes in Lynn have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Lynn was $530,000 in October 2023, up 3.9% from last year, and the median price per square foot was $335.

Median Sold Price By Bedroom Count

# BEDSOct 2022Oct 2023CHANGE
1 $250K$265K
2 $415K$384.9K
3 $500K$520K
4 $573K$615K
5+ $735K$760K

Summary: Lynn housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 3.4%.

Median Sold Price Compared To Nearby Cities


Housing Supply

How many homes are available in Lynn, MA?

Number of Homes For Sale

Sep 2023Oct 2023CHANGE

Summary: The Lynn real estate market had 200 homes for sale in October 2023, a 1.0% decrease compared to September 2023.

Homes For Sale By Bedroom Count

# BEDSSep 2023Oct 2023CHANGE
1 1616
2 3535
3 6672
4 3934
5+ 4643

Summary: The Lynn housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 6.5%.

Number of Homes Sold

Sep 2023Oct 2023CHANGE

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lynn, you could pay more than the asking price. 69.7% of homes here sold above asking price last month.

Summary: A total of 66 homes were sold or pending in Lynn in October 2023, up by 29.4% month-over-month. Of the 66 sold homes, 24% were sold under asking, 6% were sold at asking, and 70% were sold over asking.

Days on Market

How long does it take to sell a home in Lynn, MA?

Average Sale Time

Oct 2022Oct 2023CHANGE
29 Days25 Days-13.3%

Summary: Homes in Lynn had an average of 25 days on market in Oct 2023, down by 13.3% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lynn are selling fast, if you're buying plan to act quickly.

Summary: During October 2023, 66 homes were sold in Lynn; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Lynn, MA?