Why Live in Lynnfield
Lynnfield, Massachusetts, is a historic Essex County community with a population of around 13,000, located approximately 15 miles north of Boston. Known for its peaceful atmosphere, Lynnfield has evolved from a sleepy town to a vibrant area with the development of MarketStreet Lynnfield, an open-air mall featuring over 90 restaurants and stores, including a Whole Foods. The town offers a variety of things to do, such as hiking and bouldering at Bow Ridge Reservation and Kallenberg Quarry, and enjoying events at the 18th-century Meeting House maintained by the Lynnfield Historical Society. The Lynnfield Art Guild and the Lynnfield Public Library also host regular community events. Housing in Lynnfield includes classic New England styles like Colonial Revivals, Cape Cods, and ranch-style homes, with newer townhouses and single-family homes added in recent years. The town's real estate market is competitive, with median home prices significantly higher than the national average. Lynnfield Public Schools, including Lynnfield High, are highly rated, making the area attractive for families. Commuters rely on personal vehicles, with Interstate 95 and U.S. Route 1 providing routes to Boston, though traffic can be heavy. For longer trips, Boston Logan International Airport is about 14 miles away. Lynnfield boasts lower-than-average crime rates, contributing to its appeal as a safe community.
Home Trends in Lynnfield, MA
On average, homes in Lynnfield, MA sell after 30 days on the market compared to the national average of 70 days. The median sale price for homes in Lynnfield, MA over the last 12 months is $540,000, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$540,000
Median Single Family Sale Price
$3,495,000
Median 2 Bedroom Sale Price
$540,000
Average Price Per Sq Ft
$472
Number of Homes for Sale
2
Last 12 months Home Sales
7
Median List Price
$550,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-13%