Google street view image for 5 Homestead Rd, Lynnfield, MA 01940

Off market

$980,806

•

3.5 ba

•

2,382

sq ft

5 Homestead Rd, Lynnfield, MA 01940

About this home

5 Homestead Rd is a 2,382 square foot house on a 0.52 acre lot with 3 bedrooms and 3.5 bathrooms. Based on Redfin's Lynnfield data, we estimate the home's value is $980,806.

Single-familyProperty Type

1947Year Built

0.52 acresLot Size

$412Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$980,806

$7,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 8.7% higher than the average sale price ($902K) of 6 comparable homes.

SOLD SEP 28, 2026
$710,000
A
3 beds3 baths2,618 sq ft
45 Bradford Rd, Peabody, MA 01960
SOLD JUL 20, 2026
$986,500
B
3 beds2.5 baths2,513 sq ft
75 Perry Ave, Lynnfield, MA 01940
SOLD APR 17, 2026
$965,000
C
3 beds2.5 baths1,975 sq ft
9 Oxbow Rd, Lynnfield, MA 01940
SOLD JUN 22, 2026
$876,450
D
3 beds4 baths2,693 sq ft
4 Strout Ave, Lynnfield, MA 01940
SOLD JUN 8, 2026
$1,125,000
E
3 beds2.5 baths2,492 sq ft
10 Newhall Rd, Lynnfield, MA 01940
SOLD MAY 12, 2026
$750,000
F
4 beds2 baths2,162 sq ft
19 Homestead Rd, Lynnfield, MA 01940

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Earn from this home

Sell

$931,197

Est. take-home

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Rent

$3,678/mo

Redfin rental estimate

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Market trends in 01940, MA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

102.4%

+0.5% MoM

Median sale price

$1.1M

$25K MoM

Avg. days on market

22d

0 days MoM

Recently sold homes

1 MoM

New listings for sale

$1,699,000
4 beds3.5 baths3,175 sq ft
5 Townsend Rd, Lynnfield, MA 01940
EARLY ACCESS
Unknown
4 beds3 baths2,464 sq ft
24 Fletcher Rd, Lynnfield, MA 01940
$2,399,000
5 beds3.5 baths4,870 sq ft
2 Hampton Ct, Lynnfield, MA 01940
$1,100,000
4 beds2.5 baths2,370 sq ft
8 Otter Pond Rd, Lynnfield, MA 01940
$1,450,000
3 beds2.5 baths2,532 sq ft
11 Hutchins Cir, Lynnfield, MA 01940
$999,995
4 beds2.5 baths2,826 sq ft
54 Edward Ave, Lynnfield, MA 01940
$664,900
2 beds1.5 baths1,586 sq ft
24 Vokes Ter, Lynnfield, MA 01940
$699,000
4 beds2 baths2,348 sq ft
814 Lynnfield St, Lynnfield, MA 01940
$629,900
3 beds3 baths2,305 sq ft
1200 Salem St #135, Peabody, MA 01960
$1,689,500
4 beds2.5 baths4,279 sq ft
14 Huntingdon Rd, Lynnfield, MA 01940
See all

Provided by Redfin

Sale history for 5 Homestead Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2023

$8,971 (+5.0%)

$516,200 + $277,700

$793,900

2022

$8,540 (+8.9%)

$474,200 + $238,100

$712,300

2021

$7,844 (+2.3%)

$386,700 + $204,400

$591,100

2020

$7,669

$346,500 + $204,400

$550,900

2019

$7,663 (+1.1%)

$346,500 + $204,400

$550,900

2018

$7,580 (+2.1%)

$346,500 + $204,400

$550,900

2017

$7,422 (+4.2%)

$334,200 + $204,400

$538,600

2016

$7,125 (+0.3%)

$287,000 + $204,400

$491,400

2015

$7,104 (+4.6%)

$285,900 + $204,400

$490,300

2014

$6,794 (+4.6%)

$285,900 + $174,100

$460,000

2013

$6,497 (+6.0%)

$264,200 + $174,200

$438,400

2012

$6,128 (+5.7%)

$255,500 + $174,200

$429,700

2011

$5,797 (+1.8%)

$255,500 + $174,200

$429,700

2010

$5,695 (+5.9%)

$274,700 + $168,800

$443,500

2009

$5,378

$290,500 + $188,000

$478,500

Tax history for 5 Homestead Rd

Year

Property tax

Land + Additions

Assessment*

2023

$8,971 (+5.0%)

$516,200 + $277,700

$793,900

2022

$8,540 (+8.9%)

$474,200 + $238,100

$712,300

2021

$7,844 (+2.3%)

$386,700 + $204,400

$591,100

2020

$7,669

$346,500 + $204,400

$550,900

2019

$7,663 (+1.1%)

$346,500 + $204,400

$550,900

2018

$7,580 (+2.1%)

$346,500 + $204,400

$550,900

2017

$7,422 (+4.2%)

$334,200 + $204,400

$538,600

2016

$7,125 (+0.3%)

$287,000 + $204,400

$491,400

2015

$7,104 (+4.6%)

$285,900 + $204,400

$490,300

2014

$6,794 (+4.6%)

$285,900 + $174,100

$460,000

2013

$6,497 (+6.0%)

$264,200 + $174,200

$438,400

2012

$6,128 (+5.7%)

$255,500 + $174,200

$429,700

2011

$5,797 (+1.8%)

$255,500 + $174,200

$429,700

2010

$5,695 (+5.9%)

$274,700 + $168,800

$443,500

2009

$5,378

$290,500 + $188,000

$478,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Sq. Ft: 1,155

Bathroom Information
# of Full Baths: 3
# of 1/2 Baths: 1

Heating & Cooling
Heating Type: Forced Hot Water

Fireplace Information
# of Fireplaces: 2
Has Fireplace

Room Information
# of Rooms: 8

Exterior

Exterior Information
Physical Condition: Good
Building Style Type: Cape Cod
Construction Type: Frame
Exterior Wall: Vinyl
Roof Shape Type: Gable

Property Information
Living Sq. Ft: 2,382
Gross Sq. Ft: 4,640
# of Units: 1
# of Stories: 2

Parking & Garage Information
Parking Type: Attached Garage
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 22,651
Municipality Name: LYNNFIELD
Acres: 0.52
Zoning Code: RA
State Use Description: 1-FAMILY RESIDENCE

Financial

Assessor Information
Assessment Year: 2023

Public facts

Beds: 3
Baths: 3.5
Sq. Ft.: 2,382
Stories: 2.0
Lot Size: 0.52 acres
Style: Single Family Residential
Year Built: 1947
Year Renovated: —
County: Essex County
APN: 1980914

Home facts updated by county records on Jul 20, 2023

Around this home

Schools

Summer Street School

Public K-4 • Assigned • 0.7mi

9/10

Lynnfield Middle School

Public 5-8 • Assigned • 0.7mi

8/10

Lynnfield High School

Public 9-12 • Assigned • 0.5mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Lynnfield remains a competitive seller’s market, defined by chronically low inventory and high demand. While the "frenzy" of the pandemic years has cooled slightly—allowing buyers a bit more breathing room for inspections and negotiation—prices for...
6 days ago • Lynnfield
Emmanuel Paul
Redfin Premier agent
380 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

4/10 Fire Factor

0.93% chance of being in a wildfire in next 30 years

5/10 Heat Factor

7 days above 98° expected this year, 14 days in 30 years

6/10 Wind Factor

60% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Lynnfield, MA • 01940

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$932,000 – $1.13M

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Nearby similar homes

$1,699,000

4 beds3.5 baths3,175 sq ft

5 Townsend Rd, Lynnfield, MA 01940

$1,450,000

3 beds2.5 baths2,532 sq ft

11 Hutchins Cir, Lynnfield, MA 01940

$664,900

2 beds1.5 baths1,586 sq ft

24 Vokes Ter, Lynnfield, MA 01940

$1,689,500

4 beds2.5 baths4,279 sq ft

14 Huntingdon Rd, Lynnfield, MA 01940

$875,000

3 beds2 baths1,676 sq ft

20 Parsons Ave, Lynnfield, MA 01940

$2,275,000

4 beds4 baths5,607 sq ft

21 Wildewood Dr, Lynnfield, MA 01940

New listings for sale in 01940

$1,699,000

4 beds3.5 baths3,175 sq ft

5 Townsend Rd, Lynnfield, MA 01940

EARLY ACCESSCOLDWELL BANKER REALTY COMING SOON

Unknown

4 beds3 baths2,464 sq ft

24 Fletcher Rd, Lynnfield, MA 01940

$2,399,000

5 beds3.5 baths4,870 sq ft

2 Hampton Ct, Lynnfield, MA 01940

$1,100,000

4 beds2.5 baths2,370 sq ft

8 Otter Pond Rd, Lynnfield, MA 01940

$1,450,000

3 beds2.5 baths2,532 sq ft

11 Hutchins Cir, Lynnfield, MA 01940

$999,995

4 beds2.5 baths2,826 sq ft

54 Edward Ave, Lynnfield, MA 01940

$664,900

2 beds1.5 baths1,586 sq ft

24 Vokes Ter, Lynnfield, MA 01940

$699,000

4 beds2 baths2,348 sq ft

814 Lynnfield St, Lynnfield, MA 01940

$629,900

3 beds3 baths2,305 sq ft

1200 Salem St #135, Peabody, MA 01960

Home values near 5 Homestead Rd

Data from public records.

Address	Redfin Estimate
2 Homestead Rd, Lynnfield, MA 3 Beds \| 2 Baths \| 2906 Sq. Ft.	$970,552
3 Homestead Rd, Lynnfield, MA 3 Beds \| 2 Baths \| 1300 Sq. Ft.	$919,084

Address	Redfin Estimate
4 Homestead Rd, Lynnfield, MA 2 Beds \| 1 Baths \| 1344 Sq. Ft.	$743,745
6 Homestead Rd, Lynnfield, MA 3 Beds \| 2 Baths \| 1614 Sq. Ft.	$915,207

Address	Redfin Estimate
51 Homestead Rd, Lynnfield, MA 4 Beds \| 2 Baths \| 2166 Sq. Ft.	$947,700
8 Homestead Rd, Lynnfield, MA 4 Beds \| 3 Baths \| 1970 Sq. Ft.	$985,267

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