Is Lynnfield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lynnfield has remained a Seller's Market.
Housing Prices in Lynnfield, MA
How much do homes in Lynnfield, MA cost?
Median Sold Price
$940,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lynnfield was $940,000 in April 2024, up 4.4% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $390K | $375K | -3.8% |
2 Bedrooms | $582.5K | $622.5K | +6.9% |
3 Bedrooms | $825K | $880K | +6.7% |
4 Bedrooms | $1.1M | $1.2M | +5.4% |
5+ Bedrooms | $1.7M | $1.4M | -13.2% |
Summary: Lynnfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
Peabody | $575K | $615K | +7.0% |
Wakefield | $679.9K | $725K | +6.6% |
Lynnfield | $900K | $940K | +4.4% |
North Reading | $682.5K | $705K | +3.3% |
Middleton | $825K | $750K | -9.1% |
Housing Supply in Lynnfield, MA
How many homes are available in Lynnfield, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Summary: The Lynnfield real estate market had 25 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lynnfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lynnfield in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Lynnfield, MA
How long does it take to sell a home in Lynnfield, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 14 Days | -40.0% |
Summary: Homes in Lynnfield had an average of 14 days on market in Apr 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Lynnfield; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.