Lynn Home Market Report for Feb 2025

Lynn, MA Real Estate Market: Single Family Listings Trends for 2025

Lynn, Massachusetts, located along the North Shore, has been seeing a steady and intriguing real estate market for single-family homes. As the market continues to evolve, potential buyers and sellers alike are keen to understand current trends and the overall pricing landscape. In this blog post, we’ll take a deep dive into the latest statistics surrounding single-family listings in Lynn, MA, and explore what these numbers reveal for those interested in buying or selling in this dynamic market.

Current Market Overview for Single Family Homes in Lynn, MA

As of early 2025, the average listing price for single-family homes in Lynn stands at $606,278. This figure reflects a broad market trend of steady price appreciation in the area, which has seen a rise in interest among buyers looking to own a home just outside of Boston.

Key Market Stats:

• Average Living Area: 1,790.83 SqFt
• Average List Price: $606,278
• Average List Price per SqFt: $350
• Average Days on Market (DOM): 45.17 days
• Average Days to Offer (DTO): 38 days
• Average Sale Price: $629,150
• Average Sale Price per SqFt: $364

Pricing Breakdown:

The average sale price of $629,150 indicates that homes are typically selling for a bit more than their listing price, signaling a competitive market. With homes selling at an average of $364 per square foot, Lynn remains an attractive alternative to pricier areas within Greater Boston. This price point offers potential buyers substantial value for their investment.

What’s also noteworthy is the average list price per square foot, which is $350—indicating that homes are being priced competitively within the broader regional market, yet still offering ample space for families. Given the average living area of 1,790.83 square feet, prospective homeowners can enjoy spacious properties without breaking the bank compared to other suburban or city markets.

Days on Market and Time to Offer:

The average days on market (DOM) for homes in Lynn is around 45.17 days, which is relatively typical for suburban listings in the current real estate climate. This number tells us that while homes are taking some time to sell, they aren’t languishing on the market for long—buyers are clearly showing interest.

Interestingly, homes in Lynn take an average of 38 days to go under offer (DTO). This shows that once a listing catches a buyer’s eye, it doesn’t take long for negotiations to get underway. The shorter DTO could also be an indication that buyers are eager to close quickly, which is common in competitive markets like Lynn.

What Does This Mean for Buyers and Sellers?

For Buyers:

Lynn’s real estate market offers opportunities for buyers seeking to move into a growing community with a variety of homes available. The competitive pricing combined with larger average living areas gives buyers the chance to own a sizable home at a reasonable cost—particularly compared to neighboring cities. However, the fact that homes are selling for slightly above their list price means that buyers will need to be prepared for some competition and possibly make an offer over asking to secure their desired property.

For Sellers:

Sellers in Lynn benefit from a market where homes are still selling relatively quickly, and prices are steadily rising. The combination of an average sale price above listing price and homes being sold in just over a month shows that demand is present. Sellers can confidently list their properties at competitive prices and expect a solid return. However, it’s essential to be realistic about pricing to avoid overpricing and staying on the market for too long.

Conclusion:

Lynn, MA, is experiencing a strong and stable real estate market for single-family homes. With homes offering ample living space at competitive prices, buyers have good opportunities to invest in properties with significant potential for appreciation. At the same time, sellers can take advantage of the market’s demand to list their homes confidently and see fast offers. Whether you’re buying or selling in Lynn, now is a great time to engage with this evolving market.

Stay tuned for more updates and market analysis to help you navigate the local real estate landscape!

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