$4,036 Closing Credit*
$339,900
1,042 SqFt
2 Beds
•1 Full Bath
#73316692, Steven Mango, Listing Office: StartPoint Realty
Is Lynn, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lynn has remained a Seller's Market.
Key Takeaway
Lynn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lynn, MA
How much do homes in Lynn, MA cost?
Median Sold Price
$577,500
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,500(+7.9%)
Key Takeaway
Homes in Lynn have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Lynn was $577,500 in November 2024, up 7.9% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $313.7K | +20.7% |
| 2 Bedrooms | $385.9K | $410K | +6.2% |
| 3 Bedrooms | $530K | $585K | +10.4% |
| 4 Bedrooms | $616K | $630K | +2.3% |
| 5+ Bedrooms | $765K | $825K | +7.8% |
Summary: Lynn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Peabody | $586.6K | $650K | +10.8% |
| Swampscott | $672.5K | $727.5K | +8.2% |
| Lynn | $535K | $577.5K | +7.9% |
| Saugus | $596.3K | $626.6K | +5.1% |
Housing Supply in Lynn, MA
How many homes are available in Lynn, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 183 | 161 | -12.0% |
Summary: The Lynn real estate market had 161 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 43 | 40 | -7.0% |
| 3 Bedrooms | 64 | 51 | -20.3% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The Lynn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 44 | -6.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lynn, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in Lynn in November 2024, down by 6.4% month-over-month. Of the 44 sold homes, 16% were sold under asking, 9% were sold at asking, and 75% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 18 Days | -32.6% |
Summary: Homes in Lynn had an average of 18 days on market in Nov 2024, down by 32.6% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lynn are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in Lynn; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
