2 days on Rocket
$7,836 Closing Credit¹
#73345739, William Figueroa, Listing Office: United Brokers
Lynn Housing Market Report February 2025•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 February 2024
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
$583,833$369/SqFt
+$33,833
+6.2%
Based on all homes sold in the last 12 months
Insight
Homes in Lynn have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Lynn was $583,833 in February 2025, up 6.2% from last year, and the median price per square foot was $369.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Swampscott | $685K | $750.5K | +9.6% |
| Saugus | $600K | $650K | +8.3% |
| Peabody | $602.6K | $651.3K | +8.1% |
| Lynn | $550K | $583.8K | +6.2% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $250K | $300K | +20.0% |
| 22 Bedrooms | $380K | $410K | +7.9% |
| 33 Bedrooms | $540K | $590K | +9.3% |
| 44 Bedrooms | $630K | $640K | +1.6% |
| 55+ Bedrooms | $780K | $857.5K | +9.9% |
Summary: Lynn housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +20.0%. The home price for 2 bedroom homes increased by +7.9%. 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 +9.9%.
How does Lynn, MA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lynn, MA
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 |
|---|---|---|
| 137Last MonthFeb 2025 | ||
| 1402 months agoJan 2025 | -2.1 % Change MoMJan – Feb |
Summary: The Lynn real estate market had 137 homes for sale in Feb 2025, a 2.1 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 30Last MonthFeb 2025 | ||
| 422 months agoJan 2025 | -28.6 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 19 | 16 | -15.8% |
| 22 Bedrooms | 36 | 28 | -22.2% |
| 33 Bedrooms | 32 | 35 | +9.4% |
| 44 Bedrooms | 18 | 22 | +22.2% |
| 55+ Bedrooms | 35 | 36 | +2.9% |
Summary: Lynn housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -15.8%. The inventory for 2 bedroom homes decreased by -22.2%. The inventory for 3 bedroom homes increased by +9.4%. The inventory for 4 bedroom homes increased by +22.2%. The inventory for 5 bedroom homes increased by +2.9%.
Asking Price vs. Sold Price
How much do homes in Lynn, MA cost?
Over Asking Price18 Homes
At Asking Price5 Homes
Under Asking Price7 Homes
Insight
If you're buying a home in Lynn, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Lynn in February 2025, down by 28.6% month-over-month. Of the 30 sold homes, 23% were sold under asking, 17% were sold at asking, and and 60% 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 Days18 Homes
30 – 90 Days10 Homes
Over 90 Days2 Homes
Insight
Many homes in Lynn are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 30 homes were sold in Lynn; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 40 DaysThis YearFeb 2025 | ||
| 21 Days1 year agoFeb 2024 | +84.1 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Lynn had an average listing age of 40 days in Feb 2025, up by 84.1% compared to the previous year.
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Newest Listings in Lynn, MA
What homes are available in Lynn, MA?
2 days on Rocket
$8,311 Closing Credit¹
#73345720, Team Lillian Montalto, Listing Office: Lillian Montalto Signature Properties
2 days on Rocket
$6,886 Closing Credit¹
#73345662, Cudmore and Associates, Listing Office: Century 21 North East
2 days on Rocket
$10,000 Closing Credit¹
#73345460, Linlet Patel, Listing Office: Tesla Realty Group LLC
3 days on Rocket
$8,311 Closing Credit¹
#73345270, Team Lillian Montalto, Listing Office: Lillian Montalto Signature Properties
3 days on Rocket
#73345018, Francis Saenz, Listing Office: Northeast Private Client Group, LLC
4 days on Rocket
$7,124 Closing Credit¹
#73344544, Michael Connor, Listing Office: Connor Real Estate
4 days on Rocket
$7,599 Closing Credit¹
#73344390, Julie Manley, Listing Office: Connor Real Estate
4 days on Rocket
$7,124 Closing Credit¹
#73344374, Luciano Leone Team, Listing Office: RE/MAX 360
4 days on Rocket
$6,888 Closing Credit¹
#73344381, Wilson Brea Andres, Listing Office: Cameron Real Estate Group
4 days on Rocket
$8,016 Closing Credit¹
#73344362, Masterman Elek Group, Listing Office: Compass
4 days on Rocket
$4,750 Closing Credit¹
#73343101, Rachel Wooley, Listing Office: Conway - Dartmouth
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 03/01/2023 - 03/01/2025
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: 3/17/2025, 12:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.