LYNNFIELD — The number of single-family homes in town decreased during the month of July.
According to The Warren Group, there were 10 single-family homes sold in Lynnfield during the month of July that had a median sales price of $1,030,000. The median sale price represented a 30 increase over the 17 single-family homes sold July 2024 that had a median sale price of $1 million.
There were 16 single-family homes sold in Lynnfield in June that had a median sale price of $1,487,500. There were eight single-family homes sold in town in May that had a median sale price of $1,020,000. There were eight single-family homes sold during the month of April that had a median sale price of $1 million.
Additionally, 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 58 single-family homes sold in Lynnfield during the first seven months of the year had a median sale price of $1 million, which is the same price as the 57 homes sold during the first seven months of 2024.
The Massachusetts median single-family home price was $665,000 in July 2025, representing an increase of 2.3 percent over July 2024.
Single-family homes
In July, there were 4,719 single-family home sales in Massachusetts, an increase of 6.2 percent from July 2024 when there were 4,443 transactions. Meanwhile, the median single-family home price increased 2.3 percent on a year-over-year basis to $665,000.
There were 23,784 single-family home sales in the first seven months of 2025, a 3.6 percent increase from 2024. The median single-family home sale price increased 3.4 percent on the same basis to $640,000.
“The median sale price for July increased over the year prior, but was down compared to June of this year, which is the typical annual pattern,” said Cassidy Norton, associate publisher and media relations director of The Warren Group. “Buyers who are looking now are likely to see lower prices and reductions from earlier in the year.”
Condominiums
According to the Warren Group, there was one condominium sold in town during the month of July that had a median sale price $685,000. There has only been one condo sold in town in 2024.
There were 1,874 condominium sales in July 2025, compared to 1,943 in July 2024 – a 3.6 percent decrease. Meanwhile, the median condo sale price decreased 0.9 percent on a year-over-year basis to $560,000, down from $565,000 in July 2024.
Lynnfield’s condominium sales will be increasing when Toll Brothers, Inc. begins 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 11,253 condominium sales statewide in the first seven months of 2025, a 3.3 percent increase from 2024, in which there were 10,898. Meanwhile, the year-to-date median sale price increased 0.9 percent from 2024 to $549,900.
“The condo market underwent a bit of an adjustment earlier this year, and purchases made in May and June are reflected in the July numbers,” said Norton. “For the first time since 2011, the condo market had four months of inventory in May. Though the number of sales was down, an increase in inventory helped hold prices down.”
Greater Boston real estate
There were 2,443 single-family home sales in the Greater Boston housing market in July 2025, which marked a 5.3 percent increase from July 2024, when there were 2,319 transactions. Meanwhile, the median single-family sale price increased 3.8 percent on a year-over-year basis to $830,000. Year-to-date, there were 11,727 single-family home sales in the Greater Boston housing market in 2025 – up 3.3 percent from 2024 – with a median sale price of $805,000 – up 4.3 percent from 2024.
In July, there were 1,416 condo sales in the Greater Boston housing market compared to 1,443 sales in July 2024, marking a 1.9 percent decrease. Meanwhile, the median condo price decreased 3.8 percent on the same basis to $625,000, down from $650,000 a year earlier. Year-to-date, there were 8,243 condo sales in the Greater Boston housing market in 2025 – up 2.8 percent from 2024 – with a median sale price of $630,000 – unchanged from 2024.