New - 2 hours on Rocket
$3,313 Closing Credit¹
#73327303, Onnelly Parslow, Listing Office: Berkshire Hathaway HomeServices Warren Residential
Lynn Housing Market Report December 2024•Essex County, Massachusetts
Housing Prices in Lynn, MA
How much do homes in Lynn, MA cost?
Housing Market Conditions
Is Lynn, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lynn is a Seller's Market
Difference Since December 2023
Since last year, Lynn has remained a Seller's Market.
Insight
Lynn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$575,000$367/SqFt
+$25,000
+4.5%
Based on all homes sold in the last 12 months
Insight
Homes in Lynn have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Lynn was $575,000 in December 2024, up 4.5% from last year, and the median price per square foot was $367.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Peabody | $599.9K | $650K | +8.3% |
| Swampscott | $680K | $723.7K | +6.4% |
| Saugus | $600K | $633.3K | +5.6% |
| Lynn | $550K | $575K | +4.5% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $251K | $319K | +27.1% |
| 22 Bedrooms | $382K | $410K | +7.3% |
| 33 Bedrooms | $535K | $585K | +9.3% |
| 44 Bedrooms | $620K | $630K | +1.6% |
| 55+ Bedrooms | $770K | $842.5K | +9.4% |
Summary: Lynn housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +27.1%. The home price for 2 bedroom homes increased by +7.3%. The home price for 3 bedroom homes increased by +9.3%. The home price for 4 bedroom homes increased by +1.6%. The home price for 5 bedroom homes increased by +9.4%.
Housing supply in Lynn, MA
How many homes are available in Lynn, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 145Last MonthDec 2024 | ||
| 1722 months agoNov 2024 | -15.7 % Change MoMNov – Dec |
Summary: The Lynn real estate market had 145 homes for sale in Dec 2024, a 15.7 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 54Last MonthDec 2024 | ||
| 482 months agoNov 2024 | +12.5 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 15 | 17 | +13.3% |
| 22 Bedrooms | 44 | 36 | -18.2% |
| 33 Bedrooms | 51 | 37 | -27.5% |
| 44 Bedrooms | 31 | 24 | -22.6% |
| 55+ Bedrooms | 31 | 31 | 0.0% |
Summary: Lynn housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +13.3%. The inventory for 2 bedroom homes decreased by -18.2%. The inventory for 3 bedroom homes decreased by -27.5%. The inventory for 4 bedroom homes decreased by -22.6%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Lynn, MA cost?
Over Asking Price30 Homes
At Asking Price2 Homes
Under Asking Price22 Homes
Insight
If you're buying a home in Lynn, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in Lynn in December 2024, up by 12.5% month-over-month. Of the 54 sold homes, 41% were sold under asking, 4% were sold at asking, and and 56% were sold over asking.
Days on Market for Lynn, MA
How long does it take to sell a home in Lynn, MA?
Breakdown of Home Sale Times
Under 30 Days34 Homes
30 – 90 Days15 Homes
Over 90 Days5 Homes
Insight
Many homes in Lynn are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 54 homes were sold in Lynn; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 38 DaysThis YearDec 2024 | ||
| 24 Days1 year agoDec 2023 | +56.8 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Lynn had an average listing age of 38 days in Dec 2024, up by 56.8% compared to the previous year.
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Newest Listings in Lynn, MA
What homes are available in Lynn, MA?
New - 7 hours on Rocket
$6,519 Closing Credit¹
#73327255, Elba Rojas, Listing Office: Boston Realty Services and Partners, LLC
New - 12 hours on Rocket
$7,480 Closing Credit¹
#73327130, Beth Doran, Listing Office: Connor Real Estate
New - 1 day on Rocket
$7,124 Closing Credit¹
#73326976, Mission Impossible Team, Listing Office: United Brokers
New - 1 day on Rocket
$4,453 Closing Credit¹
#73326871, Veronice Costa, Listing Office: eXp Realty
New - 1 day on Rocket
$9,500 Closing Credit¹
#73326748, Sindy Barreau, Listing Office: MSC Realty Inc.
New - 1 day on Rocket
$9,500 Closing Credit¹
#73326749, Michael Solimine, Listing Office: Solimine Real Estate
New - 2 days on Rocket
$7,005 Closing Credit¹
#73326609, The Mavroules Team, Listing Office: Good Deeds Realty Partners
New - 2 days on Rocket
$8,311 Closing Credit¹
#73326459, Richard Powers, Listing Office: Toner Real Estate, LLC
New - 2 days on Rocket
$4,738 Closing Credit¹
#73326392, Carol Henriquez, Listing Office: Coldwell Banker Realty - Cambridge
New - 3 days on Rocket
$7,718 Closing Credit¹
#73325934, Jeffrey Wallace, Listing Office: Compass
New - 3 days on Rocket
$8,788 Closing Credit¹
#73325860, Katie DiVirgilio, Listing Office: RE/MAX 360
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 01/01/2023 - 01/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.