LYNNFIELD — Single-family home sales have increased slightly over the course of the first five months of 2025.
According to The Warren Group, there were eight single-family homes sold in Lynnfield during the month of May that had a median sale price of $1,020,000. The median sale price represents a 2 percent increase or $20,000 over the five single-family homes sold in May 2024 that had a median sale price of $1 million.
There were eight single-family homes sold during the month of April that had a median sale price of $1 million. There were six single-family homes sold during the month of March that had a medium sale price of $920,500. There were five single-family homes sold in Lynnfield during the month of February that had a median sale price of $830,000. There were five single-family homes sold in Lynnfield during the month of January that had a median sale price of $962,500.
According to The Warren Group, the 32 single-family homes sold in Lynnfield during the first five months of the year had a median sale price of $947,500, which is a 5.3 percent decrease over the 23 single-family homes sold during the first five months of 2024 that had a median sale price of $1 million.
The Massachusetts median single-family home price was $666,125 in May 2025, an increase of 4.7 percent over May 2024.
Single-family homes
In May, there were 4,010 single-family home sales in Massachusetts, a 2.4 percent increase from May 2024 when there were 3,915 transactions. Meanwhile, the median single-family home price increased 4.7 percent on a year-over-year basis to $666,125.
“We talk a lot about lack of inventory, which is a problem, but still the state has seen an increase in the number of single-family sales since last year, as well as a rise in the median sale price,” said Cassidy Norton, associate publisher and media relations director at The Warren Group. “Median sale prices tend to follow a curve throughout the year, with the high point usually in June, so buyers who can hold on may see deals later in the year.”
Condominiums
Similar to the first four months of the year, there were no condominium sales in town during the month of May.
Lynnfield’s condominium sales will be increasing later this year when 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 1,946 condominium sales statewide in May 2025, compared to 1,923 in May 2024 – a 1.2 percent increase. Meanwhile, the median condo sale price changed not at all on a year-over-year basis; the median sale price in both May 2024 and May 2025 was $550,000.
There were 7,323 condominium sales in the first five months of 2025, a 1.2 percent increase from 2024, in which there were 7,017. Meanwhile, the year-to-date median sale price increased 1.9 percent from 2024 to $539,000.
“Similar to single-family sales, condo sales have increased over 2024, but price growth has been more constrained,” said Norton. “The median condo sale price in May 2025 was the same as in May 2024.”
Greater Boston real estate
There were 2,022 single-family home sales in the Greater Boston housing market in May 2025, which marked a 3.9 percent increase from May 2024, when there were 19,47 transactions. Meanwhile, the median single-family sale price increased 4.4 percent on a year-over-year basis to $835,000. Year-to-date, there were 6,846 single-family home sales in the Greater Boston housing market in 2025 – up 2.5 percent from 2024 – with a median sale price of $785,000 – up 5.5 percent from 2024.
In May, there were 1,485 condo sales in the Greater Boston housing market, up from 1,424 sales in May 2024, marking a 4.3 percent increase. Meanwhile, the median condo price did not change; it was $635,000 in May 2024 and 2025. Year-to-date, there were 5,294 condo sales in the Greater Boston housing market in 2025 – up 3.1 percent from 2024 – with a median sale price of $630,000 – up 1.6 percent from 2024.