Is Lynn, 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, Lynn has remained a Seller's Market.
Housing Prices in Lynn, MA
How much do homes in Lynn, MA cost?
Median Sold Price
$555,000
$351/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lynn was $555,000 in April 2024, up 8.1% from last year, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $256.5K | $260K | +1.4% |
2 Bedrooms | $388K | $387K | -0.3% |
3 Bedrooms | $500K | $550K | +10.0% |
4 Bedrooms | $581.5K | $639.9K | +10.1% |
5+ Bedrooms | $740K | $800K | +8.1% |
Summary: Lynn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Lynn | $513.2K | $555K | +8.1% |
Peabody | $575K | $615K | +7.0% |
Swampscott | $675K | $695K | +3.0% |
Saugus | $598K | $610K | +2.0% |
Housing Supply in Lynn, MA
How many homes are available in Lynn, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
150 | 175 | +16.7% |
Summary: The Lynn real estate market had 175 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 25 | +31.6% |
2 Bedrooms | 27 | 30 | +11.1% |
3 Bedrooms | 49 | 57 | +16.3% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 33 | 39 | +18.2% |
Summary: The Lynn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 51 | +45.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Lynn in April 2024, up by 45.7% month-over-month. Of the 51 sold homes, 18% were sold under asking, 6% were sold at asking, and 76% were sold over asking.
Days on Market for Lynn, MA
How long does it take to sell a home in Lynn, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 23 Days | -19.0% |
Summary: Homes in Lynn had an average of 23 days on market in Apr 2024, down by 19% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Lynn; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.