LYNNFIELD — The median home sales price for a single-family home sold in town spiked during the month of April.
According to The Warren Group, there were eight single-family homes sold during the month of April that had a median sales price of $1 million. The median sales price represents a $230,000 decrease over the four single-family homes sold in April 2024 that had a median sales price of $1,230,000.
There were six single-family homes sold during the month of March that had a medium sales price of $920,500. There were five single-family homes sold in Lynnfield during the month of February that had a median sales price of $830,000. There were five single-family homes sold in Lynnfield during the month of January that had a median sales price of $962,500.
According to The Warren Group, the 24 single-family homes sold in Lynnfield during the first three months of the year had a median sales price of $940,000, which is a 4.6 percent decrease over the first four months of 2024 that had a median sales price of $985,000.
The Massachusetts median single-family home price was $630,000 in April 2025, an increase of 3.3 percent over April 2024.
Single-family homes
In April, there were 3,107 single-family home sales in Massachusetts, nearly even with April 2024 when there were 3,113 transactions. Meanwhile, the median single-family home price increased 3.3 percent on a year-over-year basis to $630,000.
There were 10,348 single-family home sales in the first four months of 2025, a 2.1 percent increase from 2024. The median single-family home sale price increased 4.3 percent on the same basis to $600,000.
“The number of single-family home sales in April was only four less than April 2024, so just about even with last year,” said Cassidy Norton, associate publisher and media relations director of The Warren Group. “Hopefully that’s an indication that the number of homes on the market is increasing and easing the inventory crunch somewhat.”
Condominiums
Similar to the first three months of the year, there were no condominium sales in town during the month of April.
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 1,723 condominium sales in April 2025, compared to 1,613 in April 2024 – a 6.8 percent increase. Meanwhile, the median condo sale price increased 1.4 percent on a year-over-year basis to $539,990, up from $532,500 in April 2024.
According to The Warren Group, there were 5,377 condominium sales in the first four months of 2025, a 5.6 percent increase from 2024, in which there were 5,064. Meanwhile, the year-to-date median sale price increased 1.6 percent from 2024 to $533,475.
“After a drop in year-over-year condo sale prices in March, the market came roaring back in April with a 6.8 percent increase over April 2024,” said Norton. “The median sale price increased slightly to $539,990, a record high for the month of April.”
Greater Boston real estate
There were 1,505 single-family home sales in the Greater Boston housing market in April 2025, which marked a 1.1 percent decrease from April 2024, when there were 1,521 transactions. Meanwhile, the median single-family sale price increased 5.3 percent on a year-over-year basis to $800,000. Year-to-date, there were 4,824 single-family home sales in the Greater Boston housing market in 2025 – up 1.9 percent from 2024 – with a median sale price of $765,000 – up 6.1 percent from 2024.
In April, there were 1,244 condo sales in the Greater Boston housing market, up from 1,187 sales in April 2024, marking a 4.8 percent increase. Meanwhile, the median condo price increased 4.4 percent on the same basis to $629,000, up from $602,500 a year earlier. Year-to-date, there were 3,809 condo sales in the Greater Boston housing market in 2025 – up 2.7 percent from 2024 – with a median sale price of $625,000 – up 2.5 percent from 2024.