Lynn, Massachusetts Housing Market

How much can you negotiate in Lynn?

About as many homes are under contract as are sitting unsold. Neither side is desperate. Your room to negotiate depends on the listing, not the market. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.

A typical Lynn home takes 31 days to find a buyer. Half of them take even longer. That is 22% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 101 homes for sale in Lynn. That is 4.8 times the tightest month on record, but below the peak of 128. Supply is growing against last year.

What to do about it

• Judge the listing, not the market.
• Homes listed 60+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

Is now a good time to buy in Lynn?

Asking prices are 6.0% below their Jun 2025 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Lynn prices have risen in 95 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

Who will rent from you in Lynn?

Most Lynn households rent. 52 out of every 100 households are renters. The renter share is shrinking. Five years ago it was 55 in 100. Lynn added about 1,000 renter households in five years. Renter households here average 2.5 people. Families rent here. Buy bedrooms, not studios.

Households grew 12% in five years. The housing stock grew 12%. The two are moving in step. Just 4.1% of homes sit empty. A well-priced rental fills fast here.

The median Lynn household earns $76,496 a year. Incomes here have grown 6.2% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 7.2 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $1,912 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Lynn deal with?

• Price growth to assume — +3.6%/yr. Lynn grew 6.3% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Lynn grows about 3.6% a year. That is the number to type in. Prices rose 1.8% over the last year. That is a timing signal, not a trend.
• Months of carrying cost — 2. A typical home takes 31 days to sell. Budget that long when you exit or refinance. It is 22% slower than a year ago.
• Odds you cut your price to sell — 1 in 9. About 11% of homes on the Lynn market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $386/sqft. The average listing runs +0% above the median. Luxury homes skew it. Comp your own size class per sqft.
• Competition when you exit — +28%. That is how much the number of homes for sale grew in a year. Your resale will face a bigger crowd than today's comps did.
• Price-to-income ratio — 7.2×. A typical home costs 7.2 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. Incomes are rising faster than home prices. Affordability is improving.
• Tenant rent ceiling — $1,912/mo. 30% of the median household income of $76,496. Rents above this line shrink your tenant pool fast.

Is Lynn a buyer's or seller's market in 2026?

Only on the right house. Neither side has the upper hand in Lynn right now. 97 out of every 100 homes for sale have a buyer, 11% of sellers have cut their price, and a typical home takes 31 days to sell.

Are Lynn home prices going up or down?

Asking prices are 6.0% below their Jun 2025 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Lynn?

Assume +3.6% a year. Lynn grew 6.3% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Lynn grows about 3.6% a year. That is the number to type in. Prices rose 1.8% over the last year. That is a timing signal, not a trend.

How fast are homes selling in Lynn?

A typical Lynn home takes 31 days to find a buyer. Half of them take even longer. That is 22% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Is Lynn a renters' market or an owners' market?

Most Lynn households rent. 52 out of every 100 households are renters. The renter share is shrinking. Five years ago it was 55 in 100. Just 4.1% of homes sit empty. A well-priced rental fills fast here.

What rent can Lynn tenants afford?

A tenant on the median income can pay about $1,912 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Lynn household earns $76,496 a year.