Foreclosure Homes in Lynn, MA

Current Market Conditions in Lynn, MA

The real estate market in Lynn has been experiencing a surge in activity, with increased demand for homes due to its proximity to Boston. The average home price has seen a notable increase over the past year as more buyers are attracted to the city's coastal lifestyle and community amenities.

Many potential buyers are drawn to the city's affordability compared to surrounding areas. This trend is driving up competition, with relatively low inventory leading to multiple offers on desirable properties, further pushing home prices upward.

Rent Prices In Lynn, MA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lynn, MA, is on a rollercoaster ride. The average rent price in Lynn, MA, is $1,762.00. Indeed, when looking to rent in Lynn, MA, you can expect to pay as little as $980.00 or as much as $3,540.00, with the average rent median estimated to be $1,770.00. The good news is that finding an affordable and desirable property to rent in Lynn, MA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.