The median price and sales of homes in Lynn, Massachusetts decreased in 2011, according to data compiled using MLS Property Information Network, Inc, a local multiple listing service.
Single-family home prices in Lynn fell 5.6 percent in 2011 compared to the previous year, a difference of $11,000. Single-family home sales in Lynn, MA fell 3 percent in 2011, a difference of 12 sales compared to 2010.
In 2011, the median price of condominiums decreased 4 percent, or $4,500 compared to 2010. Lynn, MA condo sales fell 13.8 percent in 2011, a difference of 17 sales.
Multi-family home prices increased 10.5 percent in 2011 compared to the previous year, a difference of $20,000. Multi-family home sales in Lynn, MA fell 23.7 percent in 2011 compared to 2010, a difference of 60 sales.
Lynn, Massachusetts Real Estate Market Report
Sales / Median Price
Single family:
2010 – 399 / $196,000
2011 – 387 / $185,000
Condominiums:
2010 – 123 / $112,500
2011 – 106 / $108,000
Multi family:
2010 – 253 / $185,000
2011 – 193 / $205,000
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