1 day on Rocket
$10,000 Closing Credit¹
#73343738, The Sarkis Team, Listing Office: Douglas Elliman Real Estate - The Sarkis Team
Lynnfield Housing Market Report February 2025•Essex County, Massachusetts
Housing Prices in Lynnfield, MA
How much do homes in Lynnfield, MA cost?
Housing Market Conditions
Is Lynnfield, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Lynnfield is a Seller's Market
Difference Since February 2024
Since last year, Lynnfield has remained a Seller's Market.
Insight
Lynnfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$940,000$408/SqFt
+$15,000
+1.6%
Based on all homes sold in the last 12 months
Insight
Homes in Lynnfield have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Lynnfield was $940,000 in February 2025, up 1.6% from last year, and the median price per square foot was $408.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Wakefield | $712.5K | $779.5K | +9.4% |
| Peabody | $602.6K | $651.3K | +8.1% |
| North Reading | $704.9K | $743.3K | +5.4% |
| Lynnfield | $925K | $940K | +1.6% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $375K | $430K | +14.7% |
| 22 Bedrooms | $620.3K | $672.4K | +8.4% |
| 33 Bedrooms | $863K | $850K | -1.5% |
| 44 Bedrooms | $1.2M | $1.2M | +2.2% |
| 55+ Bedrooms | $1.6M | $1.3M | -15.7% |
Summary: Lynnfield housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +14.7%. The home price for 2 bedroom homes increased by +8.4%. The home price for 3 bedroom homes decreased by -1.5%. The home price for 4 bedroom homes increased by +2.2%. The home price for 5 bedroom homes decreased by -15.7%.
How does Lynnfield, MA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Lynnfield, MA
Housing supply in Lynnfield, MA
How many homes are available in Lynnfield, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 21Last MonthFeb 2025 | ||
| 242 months agoJan 2025 | -12.5 % Change MoMJan – Feb |
Summary: The Lynnfield real estate market had 21 homes for sale in Feb 2025, a 12.5 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 4Last MonthFeb 2025 | ||
| 52 months agoJan 2025 | -20.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 4 | 3 | -25.0% |
| 33 Bedrooms | 8 | 7 | -12.5% |
| 44 Bedrooms | 11 | 8 | -27.3% |
| 55+ Bedrooms | 1 | 3 | +200.0% |
Summary: Lynnfield housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes decreased by -12.5%. The inventory for 4 bedroom homes decreased by -27.3%. The inventory for 5 bedroom homes increased by +200.0%.
Asking Price vs. Sold Price
How much do homes in Lynnfield, MA cost?
Over Asking Price3 Homes
At Asking Price0 Home
Under Asking Price1 Home
Insight
If you're buying a home in Lynnfield, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Lynnfield in February 2025, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and and 75% were sold over asking.
Days on Market for Lynnfield, MA
How long does it take to sell a home in Lynnfield, MA?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Many homes in Lynnfield are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 4 homes were sold in Lynnfield; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 28 DaysThis YearFeb 2025 | ||
| 52 Days1 year agoFeb 2024 | -46.8 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Lynnfield had an average listing age of 28 days in Feb 2025, down by 46.8% compared to the previous year.
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Newest Listings in Lynnfield, MA
What homes are available in Lynnfield, MA?
2 days on Rocket
$10,000 Closing Credit¹
#73343433, Louise Touchette Team, Listing Office: Coldwell Banker Realty - Lynnfield
2 days on Rocket
$10,000 Closing Credit¹
#73343408, Louise Touchette Team, Listing Office: Coldwell Banker Realty - Lynnfield
2 days on Rocket
$8,074 Closing Credit¹
#73343285, Eileen Jonah-Daly, Listing Office: Century 21 North East
$10,000 Closing Credit¹
#73338476, The Sarkis Team, Listing Office: Douglas Elliman Real Estate - The Sarkis Team
#73334072, Kristen Dailey, Listing Office: The Firm
$10,000 Closing Credit¹
#73332360, ResCo Team, Listing Office: Gibson Sotheby's International Realty
$10,000 Closing Credit¹
#73330728, The Ponte Group, Listing Office: Keller Williams South Watuppa
Backup offers
$10,000 Closing Credit¹
#73325902, Hixon + Bevilacqua Home Group, Listing Office: Coldwell Banker Realty - Lynnfield
#73310032, The Sarkis Team, Listing Office: Douglas Elliman Real Estate - The Sarkis Team
$10,000 Closing Credit¹
#73236805, Nikki Martin Team, Listing Office: Compass
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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: 3/12/2025, 11:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.