LYNNFIELD — The sluggish start to the town’s real estate market continued in March.
According to The Warren Group, there were six single-family homes sold during the month of March that had a medium sales price of $920,500. The median sales price represents a 53.3 percent increase over the three single-family homes sold in March 2024 that had a medium sales price of $600,500.
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 16 single-family homes sold in Lynnfield during the first three months of the year had a median sales price of $918,000, which is a 14.3 percent increase over the first three months of 2024’s median sales price of $882,500.
The Massachusetts median single-family home price was $600,000 in March 2025, an increase of 3.4 percent over March 2024.
Single-family homes
In March, there were 2,460 single-family home sales in Massachusetts, a 4.2 percent decrease from March 2024 when there were 2,569 transactions. Meanwhile, the median single-family home price increased 3.4 percent on a year-over-year basis to $600,000.
There were 7,326 single-family home sales in the first three months of 2025, a 3 percent increase from 2024. The median single-family home sale price increased 5.3 percent on the same basis to $585,000.
“Though the number of single-family home sales declined slightly on a year-over-year basis, the number of year-to-date sales is up versus 2024,” 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. Given the current state of the federal government, it’s impossible to predict what interest rates will do, or whether inflation will continue to constrain the buying power of prospective homeowners.”
Condominiums
Similar to January and February, there were no condominium sales in town during the month of March.
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 1,388 condominium sales in March 2025, compared to 1,431 in March 2024 – a 3 percent decrease. Meanwhile, the median condo sale price decreased 1.5 percent on a year-over year basis to $542,000, down from $550,000 in March 2024.
According to The Warren Group, there were 3,654 condominium sales in the first three months of 2025, a 5 percent increase from 2024, in which there were 3,481. Meanwhile, the year-to-date median sale price increased 1.9 percent from 2024 to $530,000.
“Despite a promising increase in the number of condo sales in the first few months of the year, sales are down again in March,” said Norton. “However, the median sale price decreased for the first time since April of 2023, welcome news for would-be condo buyers.”
Greater Boston real estate
There were 1,145 single-family home sales in the Greater Boston housing market in March 2025, which marked a 5.8 percent decrease from March 2024, when there were 1,215 transactions. Meanwhile, the median single-family sale price increased 2.2 percent on a year-over-year basis to $756,000. Year-to-date, there were 3,319 single-family home sales in the Greater Boston housing market in 2025 – up 3.3 percent from 2024 – with a median sale price of $750,000 – up 6.1 percent from 2024.
In March, there were 982 condo sales in the Greater Boston housing market, down from 1,076 sales in March 2024, marking an 8.7 percent decrease. Meanwhile, the median condo price increased 1.6 percent on the same basis to $650,000, up from $640,000 a year earlier. Year-to-date, there were 2,565 condo sales in the Greater Boston housing market in 2025 – up 1.7 percent from 2024 – with a median sale price of $625,000 – up 1.6 percent from 2024.