The median price of a single-family home in Lynnfield, Massachusetts, rose modestly in 2025, according to data compiled by the Massachusetts Association of Realtors (MAR).
In December, the median sales price of a single-family home increased 7 percent to $965,000 from $899,900 in December 2024. Only 10 houses sold in December, three fewer than in December 2024.
Supply increased modestly. Inventory of homes for sale last month rose by two to 12 from 10, and the number of months of supply increased 20 percent to 1.2 from 1.0. About five months of inventory is considered a balanced market between home sellers and buyers.
Despite the tight supply of single-family homes, sellers had less leverage in December. The percentage of the original listing price received, on average, fell to 95.8 percent from 99.6 percent in December 2024. The percentage of the original listing price received does not account for seller concessions, per MAR.
Home buyer activity remained steady, with pending sales unchanged at six. New listings doubled, from two to four.
For the full year, the median sales price increased by $42,500 or 4 percent to $1,057,500 from $1,015,000 in 2024. Closed sales rose by five houses in 2025, up 4 percent to 118 from 113 in 2024.
Over the course of 2025, sellers in Lynnfield received strong offers, averaging 100.6 percent of the original listing price, up from 99.5 percent. New listings increased 12.5 percent to 144 from 128.
Condominium activity increased from a year earlier, increasing to three sales. There were no reported condo closings in December 2024.
The median condo price was $580,000 in December.
There were three condominiums for sale in December, up from only one in December 2024.
The supply of condos increased to 1.4 months from 0.6 months in December 2024.
Condo buyers paid, on average, 91.2 percent of the original listing price.
Pending sales increased to five from zero a year earlier, and new listings rose to 3 after zero in December 2024.
The median condominium price in 2025 decreased by 5 percent to $594,900 from $625,000, with a small sample size. Home buyers purchased 13 condos in 2025, down from 17 in 2024.
On average, sellers received 98.8 percent of the original listing price, down from 101.6 percent.
New listings increased 61.5 percent to 21 from 13.