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LYNNFIELD, MA 01940

Real Estate Market Report  ·  Essex County
Balanced Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 01940

Montrose · North Saugus (N Saugus) · South Peabody (S Peabody) · West Peabody (W. Peabody)

Market Analysis

Data as of September 2026. Source: Realtor.com.

The LYNNFIELD, MA real estate market (01940) currently shows 50 active listings, with 29 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice.

Homes are selling faster, averaging 21 days on market compared to 51 days last year.

The median listing price has risen 9.2% year-over-year, from $1,172,444 to $1,279,750.

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Market Context

Market Context

Population: 13,072  ·  Density: 500.8/mi²  ·  Median household income: $157,955

Typical home value: $854,281  ·  Homeownership: 85.7%

Market Overview

Active Listings
50
⇧ 127.3% vs 22 last year
Pending
29
58% pending ratio
Median Price
$1,279,750
⇧ 9.2% vs $1,172,444 last year
Average Price
$1,511,785
⇩ 3% vs $1,559,321 last year
Days on Market
21
⇩ 58.8% vs 51 days last year

Price Per Square Foot

Median $/sqft
$422
⇩ 3.7% vs $438/sqft last year
Median Home Size
2,561 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 50 this year vs 22 last year
  • Days on market: 21 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $1,279,750 (+9.2% YoY)
  • Average: $1,511,785 (-3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.9 miles — 331 listings ($268,894,555 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
01940Lynnfield, MA 019400.0 mi15$35,619,690$1,735,500$2,374,646
01960Peabody, MA 019603.3 mi27$16,399,584$575,225$607,392
01864North Reading, MA 018644.1 mi22$16,431,272$628,700$746,876
01906Saugus, MA 019064.7 mi12$11,108,940$786,950$925,745
01923Danvers, MA 019235.2 mi16$16,177,040$638,000$1,011,065
02176Melrose, MA 021765.6 mi19$17,017,122$734,600$895,638
01902Lynn, MA 019026.6 mi24$10,202,568$457,400$425,107
01801Woburn, MA 018016.8 mi28$24,968,440$719,723$891,730
01970Salem, MA 019707.0 mi48$31,372,080$565,975$653,585
01907Swampscott, MA 019077.8 mi18$16,352,424$790,500$908,468
02151Revere, MA 021518.2 mi38$20,695,788$514,950$544,626
02155Medford, MA 021558.6 mi53$45,957,307$870,000$867,119
02149Everett, MA 021498.9 mi11$6,592,300$573,950$599,300

Frequently Asked Questions

How many homes are for sale in LYNNFIELD, MA 01940?

As of September 2026, there are 50 active listings in LYNNFIELD, MA (zip code 01940), compared to 22 the prior year.

What is the median home price in LYNNFIELD, MA 01940?

The median listing price in LYNNFIELD, MA 01940 is $1,279,750 as of September 2026, a 9.2% increase from $1,172,444 the prior year.

How long do homes stay on the market in LYNNFIELD, MA?

Homes in LYNNFIELD, MA 01940 spend an average of 21 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in LYNNFIELD, MA 01940?

Based on current inventory and days-on-market data as of September 2026, LYNNFIELD, MA 01940 is currently a Balanced Market. Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice. Homes are selling faster, averaging 21 days on market compared to 51 days last year.

How much can I save on real estate commission in LYNNFIELD, MA?

With SELL123.com's maximum 3% commission, sellers in LYNNFIELD, MA 01940 save an estimated $25,595 compared to a typical 5% commission on the median listing price of $1,279,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.