$9,499 Closing Credit*
$799,900
2,554 SqFt
3 Beds
•1 Full Bath, 1 Partial
#73320359, The Apex Team, Listing Office: Apex Realty Group, LLC
Is Lynnfield, 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, Lynnfield has remained a Seller's Market.
Key Takeaway
Lynnfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lynnfield, MA
How much do homes in Lynnfield, MA cost?
Median Sold Price
$955,000
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+4.4%)
Key Takeaway
Homes in Lynnfield have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Lynnfield was $955,000 in November 2024, up 4.4% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $382.5K | $402.5K | +5.2% |
| 2 Bedrooms | $612.8K | $655K | +6.9% |
| 3 Bedrooms | $851K | $850K | -0.1% |
| 4 Bedrooms | $1.1M | $1.3M | +15.0% |
| 5+ Bedrooms | $1.4M | $1.8M | +33.6% |
Summary: Lynnfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 33.6%.
Median Sold Price Compared To Nearby Cities
| Peabody | $586.6K | $650K | +10.8% |
| North Reading | $666K | $730K | +9.6% |
| Wakefield | $703.8K | $760K | +8.0% |
| Lynnfield | $915K | $955K | +4.4% |
| Middleton | $825K | $850K | +3.0% |
Housing Supply in Lynnfield, MA
How many homes are available in Lynnfield, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 39 | -15.2% |
Summary: The Lynnfield real estate market had 39 homes for sale in November 2024, a 15.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lynnfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lynnfield, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Lynnfield in November 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Lynnfield, MA
How long does it take to sell a home in Lynnfield, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 22 Days | -41.1% |
Summary: Homes in Lynnfield had an average of 22 days on market in Nov 2024, down by 41.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lynnfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Lynnfield; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
