LYNNFIELD — The slow start to the town’s real estate market continued in February.
According to The Warren Group, there were five single-family homes sold in Lynnfield during the month of February that had a median sales price of $830,000. The median sales price represents a 28.1 percent decrease over the five single-family homes sold in town in February 2024 that had a median sales price of $1,155,000.
There were five single-family homes sold in Lynnfield during the month of January that had a median sales price of $962,500. The median sales price represented a 28.3 percent increase over the five single-family homes sold in town in January 2024 that had a median sales price of $750,000.
According to The Warren Group, the 10 single-family homes sold in Lynnfield during the first two months of the year had a median sales price of $887,500, which is 13 percent less than the first two months of 2024’s median sales price of $1,020,000.
The Massachusetts median single-family home price was $575,000 in February 2025, an increase of 4.2 percent over February 2024.
Single-family homes
In February, there were 2,136 single-family home sales in Massachusetts, a 4.2 percent increase from February 2024 when there were 2,050 transactions. Meanwhile, the median single-family home price increased 4.9 percent on a year-over-year basis to $575,000.
There were 4,765 single-family home sales in the first two months of 2025, a 7 percent increase from 2024. The median single-family home sale price increased 5.5 percent on the same basis to $580,000.
“In a continuation of trends set at the end of 2024, the number of single-family home sales and the median sale price are both up slightly from a year before,” said Cassidy Norton, associate publisher and media relations director of The Warren Group. “The median home sale price is down $10,000 from January, which is usual for the month-over-month period. Looking at previous patterns, March should see a jump in both the number of sales and the median price versus February.”
Condominiums
Similar to January, there were no condominium sales in town during the month of February.
Lynnfield’s condo market sales will be increasing later this year, as Toll Brothers, Inc. will begin selling the 66 units that will be part of its new Willis Brook at Lynnfield over-55 development on the former eastern side of the Sagamore Spring Golf Club. The 2022 Fall Town Meeting approved two zoning changes associated with the Sagamore Spring Golf Club that are allowing Toll Brothers to construct an over-55 development that will also include a clubhouse and an outdoor pool. There were 1,108 condominium sales in February 2025, compared to 1,077 in February 2024 – a 2.9 percent increase. Meanwhile, the median condo sale price increased 4.3 percent on a year-over year basis to $511,000, up from $490,000 in February 2024.
According to The Warren Group, there were 2,266 condominium sales statewide in the first two months of 2025, a 10.5 percent increase from 2024, in which there were 2,050. Meanwhile, the year-to-date median sale price increased 5 percent from 2024 to $525,000.
“Condominium sales followed broadly the same patterns as single-family sales,” said Norton. “The 10 percent year-to-date increase in sales may reflect an increase in inventory, potentially illustrating a loosening in the market.”
Greater Boston real estate
There were 943 single-family home sales in the Greater Boston housing market in February 2025, which marked a 6.2 percent increase from February 2024, when there were 888 transactions.
Meanwhile, the median single-family sale price increased 5.9 percent on a year-over-year basis to $735,000. Year-to-date, there were 2,173 single-family home sales in the Greater Boston housing market in 2025 – up 5.9 percent from 2024 – with a median sale price of $745,000 – up 7.7 percent from 2023.
In February, there were 774 condo sales in the Greater Boston housing market, down from 777 sales in February 2024, marking a 0.4 percent decrease.
Meanwhile, the median condo price increased 9.4 percent on the same basis to $600,000, up from $571,000 a year earlier. Year-to-date, there were 1,583 condo sales in the Greater Boston housing market in 2025 – up 9.4 percent from 2024 – with a median sale price of $610,000 – up 2.5 percent from 2023.