The single-family real estate market in Lynn, Massachusetts, experienced shifts in sales volume and prices, with both dropping in the double digits in February.
According to data compiled by the Massachusetts Association of Realtors, single-family home prices also declined during the first two months of 2026, while median condo prices were essentially flat.
Lynn Single Family Homes (February 2026)
Median Sales Price: $510,000, down almost 22 percent from $649,950 in February 2025
Closed Sales: Home buyers purchased 15 houses, down by three sales, or 17 percent, from 18 the previous February.
Inventory of Homes for Sale: The number of single-family homes on the market fell 32 percent to 22, down from 32.
Months Supply of Inventory: There was about three weeks of supply in February, a decline from about four or five weeks in February 2025.
Percent of Original List Price Received: Home buyers paid, on average, 98 percent of the original listing price, down from almost 104 percent in February 2025, indicating that buyers held more negotiation leverage at the end of 2025 and beginning of 2026.
Lynn Single Family Homes (January through February)
Median Sales Price: The median house price declined about 10 percent to $542,500, down from $600,000 compared to the same two-month period in 2025.
Closed Sales: Home buyers bought 36 houses through February, a 10 percent decrease from 40 during the same timeframe in 2025.
Percent of Original List Price Received: Home buyers paid, on average, 98 percent of the original listing price for single-family homes, down from 102 percent during the January-February period last year.
Lynn Condominium (February 2026)
Median Sales Price: The median condo price reached $315,000, up by $2,500, about a 1 percent increase from February 2025.
Closed Sales: 13 units sold, up from nine, and a 44.4 percent increase compared to February 2025.
Inventory of Homes for Sale: 27 units for sale, down 10 percent from 30 available condos in February 2025.
Months Supply of Inventory: There were 2 months of supply in February 2025 and February 2026.
Percent of Original List Price Received: Condo buyers paid, on average, 91 percent of the original listing price, down from nearly 99 percent in February 2025.
Lynn Condos (January through February)
Median Sales Price: Through February, the median condo price rose to $348,438, up 3 percent from $337,500 during the same two-month period in 2025
Closed Sales: Home buyers bought 22 condos in February, one fewer unit and a 4 percent decrease from 23 units a year earlier.
Percent of Original List Price Received: Condominium buyers paid, on average, 93 percent of the original listing price in February, down from 99 percent year over year.
Bottom Line: Local market trends indicated a cooling period in Lynn, MA, at the end of 2025 and beginning of 2026, when home buyers mostly went under agreement on January and February closings. From around Thanksgiving through the beginning of the year, the Greater Boston real estate market is traditionally in a slow period. Scarce inventory certainly played a role in the decline in sales and will likely limit price declines in the spring.
Pro Tip: According to the MLS Property Information Network, the local multiple listing service, single-family home buyers paid, on average, 101 percent of the original listing price in March, an indication that competition for homes increased in February. Qualified Greater Boston home borrowers benefited from interest rates below 6 percent, but interest rates have climbed every week since the start of the war with Iran.
