LYNNFIELD — The number of single-family homes sold in town increased slightly during the month of August.
According to The Warren Group, there were 14 single-family homes sold in Lynnfield during the month of August that had a median sales price of $1,062,500. The median sale price represented a 12.7 percent increase over the 12 single-family homes sold August 2024 that had a median sale price of $942,500.
There were 10 single-family homes sold in Lynnfield during the month of July that had a median sales price of $1,030,000. There were 16 single-family homes sold in Lynnfield in June that had a median sale price of $1,487,500.
According to The Warren Group, 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 72 single-family homes sold in Lynnfield during the first eight months of the year had a median sale price of $1,025,000, which is $25 more than the median $1 million sale price of the 69 single-family homes during the first eight months of 2024.
The Massachusetts median single-family home price was $658,200 in August 2025, an increase of 4.2 percent over August 2024, according to a new report from The Warren Group, a leading provider of national real estate and transaction data.
Single-family homes
In August, there were 4,422 single-family home sales in Massachusetts, a decrease of 2.1 percent from August 2024 when there were 4,519 transactions. Meanwhile, the median single-family home price increased 4.2 percent on a year-over-year basis to $658,200.
There were 28,210 single-family home sales in the first eight months of 2025, a 2.7 percent increase from 2024. The median single-family home sale price increased 4 percent on the same basis to $645,000.
“Following the usual pattern, the median sale price in August was up versus 2024 but down versus July,” 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. Interest rates are down at the moment, which may help some buyers and sellers decide to enter the market.”
Condominiums
According to the Warren Group, there were no condominiums sold in town during the month of August. There was one condominium sold in town during the month of July that had a median sale price $685,000. There were 13 condos sold in town in 2024.
There were 1,893 condominium sales statewide in August 2025, compared to 1,804 in August 2024 – a 4.9 percent increase. Meanwhile, the median condo sale price decreased 3.1 percent on a year-over year basis to $526,000, down from $542,635 in August 2024.
There were 13,146 condominium sales in the first eight months of 2025, a 3.5 percent increase from 2024, in which there were 12,702. Meanwhile, the year-to-date median sale price was flat at $545,000 for both years.
“The condo market underwent a bit of an adjustment earlier this year, and purchases made in June and July are reflected in the August numbers,” Norton continued. “For the first time since 2011, the condo market had four months of inventory in May. That’s exactly what the market needs to moderate prices, and is reflected in an increase in sales versus August of last year, as well as drop in the median sale price.”
Greater Boston real estate
There were 2,236 single-family home sales in the Greater Boston housing market in August 2025, which marked a 0.9 percent increase from August 2024, when there were 2,215 transactions. Meanwhile, the median single-family sale price increased 3.1 percent on a year-over-year basis to $820,000. Year-to-date, there were 13,963 single-family home sales in the Greater Boston housing market in 2025 – up 2.9 percent from 2024 – with a median sale price of $810,000 – up 4.5 percent from 2024.
In August, there were 1,360 condo sales in the Greater Boston housing market compared to 1,331 sales in August 2024, marking a 2.2 percent increase. Meanwhile, the median condo price decreased 3.2 percent on the same basis to $600,000, down from $620,000 a year earlier. Year-to date, there were 9,603 condo sales in the Greater Boston housing market in 2025 – up 2.7 percent from 2024 – with a median sale price of $626,000 – a decrease of 0.6 percent.