The Lynnfield housing market is very competitive. Homes in Lynnfield receive 2 offers on average and sell in around 26 days. The median sale price of a home in Lynnfield was $778K last month, down 18.8% since last year. The median sale price per square foot in Lynnfield is $451, up 19.1% since last year.
What is the housing market like in Lynnfield today?
In October 2024, Lynnfield home prices were down 18.8% compared to last year, selling for a median price of $778K. On average, homes in Lynnfield sell after 26 days on the market compared to 21 days last year. There were 10 homes sold in October this year, up from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$777,500
-18.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Lynnfield, MA
$777,500
-18.8%
United States
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How hot is the Lynnfield housing market?
Lynnfield is very competitive. Homes sell in 27 days.
0
100
70
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 27 days.
Hot homes
can sell for about 4% above list price and go pending in around 19 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lynnfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lynnfield.
Flood Factor - Minor
11% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lynnfield has a minor risk of flooding. 294 properties in Lynnfield are likely to be
severely affected
by flooding over the next 30 years. This represents 11% of all properties in Lynnfield. Flood risk is increasing slower than the national average.
33% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lynnfield has a moderate risk of wildfire. There are 1,479 properties in Lynnfield that have some risk of being affected by wildfire over the next 30 years. This represents 33% of all properties in Lynnfield.
99% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Lynnfield has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lynnfield is most at risk from hurricanes. 4,414 properties in Lynnfield have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 100 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 110 mph.