The median home price in Lynnfield, Massachusetts declined by more than 14 percent in May 2011, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.
The median price of single-family homes fell 14.2 percent in May 2011 compared to the previous year, a difference of $81,200. Single-family home sales in Lynnfield, MA also were lower, falling 9.1 percent in May 2011, a difference of only one sale compared to May 2010.
In May 2011, the median price of condominiums declined 8.7 percent, or $49,500 compared to May 2010. Condo sales were flat in May 2011, with two sales in each May.
There were no multi-family homes sold in Lynnfield, MA during May of 2010 or May of 2011.
Real Estate Market Report for Lynnfield, Massachusetts
Home Sales / Median Price
Single-family Homes:
May 2010 – 11 / $570,000
May 2011 – 10 / $488,800
Condominiums:
May 2010 – 2 / $310,000
May 2011 – 2 / $260,500
Multi-family Homes:
May 2010 – 0 / $0
May 2011 – 0 / $0
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