Compare: Lynn vs Melrose
Home Values in Lynn and Melrose
|Zillow Home Value IndexWhat's this?||$223,000||vs||$431,600|
|Median List Price||$219,900||vs||$469,900|
|Median Sale Price||$209,000||vs||$423,000|
|Total Homes Sold in Nov||107 homes||vs||55 homes|
Lynn, MA tends to be less expensive for home buyers than Melrose, MA. During the last year, Lynn home values have risen by 12.0%, while Melrose home values have risen by 8.7%. The median sale price in Lynn is $209,000, but the median listing price was $219,900, a 5.0% discount. Meanwhile in Melrose, the median selling price is $423,000, and the starting price had a median of $469,900, a 10.0% discount. In November, Lynn home sellers managed to move 107 houses, while Melrose saw 55 transactions.
Demographics in Lynn and Melrose
|Median Household Income||$37,364||vs||$62,811|
|Homes with Kids||28.5%||vs||29.7%|
|Average Household Size||2.6||vs||2.4|
|Average Commute Time (Minutes)||29||vs||30|
At $62,811, the median income in Melrose is $25,447 more than in Lynn, and $18,299 higher than the national average. Lynn has a younger median age, at 35, compared to 39 in Melrose, and a shorter average commute. The average commute in Melrose is 30 minutes and the average commute in Lynn is 29 minutes.
Homes for Sale in Lynn and Melrose
Lynn vs Melrose