Wakefield, MA Housing Market
The Wakefield housing market is most competitive. Homes in Wakefield receive 9 offers on average and sell in around 15 days. The median sale price of a home in Wakefield was $728K last month, up 4.7% since last year. The median sale price per square foot in Wakefield is $435, up 6.6% since last year.
Wakefield Housing Market Trends
In March 2024, Wakefield home prices were up 4.7% compared to last year, selling for a median price of $728K. On average, homes in Wakefield sell after 15 days on the market compared to 15 days last year. There were 8 homes sold in March this year, down from 14 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Wakefield housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 14 days.
- Hot homescan sell for about 10% above list price and go pending in around 8 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 14 days.
- Hot homescan sell for about 7% above list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 17 days.
- Hot homescan sell for about 7% above list price and go pending in around 8 days.
Wakefield Migration & Relocation Trends
- Across the nation, 2% of homebuyers searched to move into Wakefield from outside metros.
- New York homebuyers searched to move into Wakefield more than any other metro followed by Hartford and San Francisco.
- 82% of Wakefield homebuyers searched to stay within the Wakefield metropolitan area.
- Portland was the most popular destination among Wakefield homebuyers followed by Miami and Lebanon.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,037 | ||
2 | 1,440 | ||
3 | 381 | ||
4 | 298 | ||
5 | 198 | ||
6 | 140 | ||
7 | 128 | ||
8 | 17 | ||
9 | 12 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 3,083 | ||
2 | 1,620 | ||
3 | 1,584 | ||
4 | 983 | ||
5 | 954 | ||
6 | 888 | ||
7 | 785 | ||
8 | 663 | ||
9 | 360 | ||
10 | 346 |
Home offer insights for Wakefield
Recent offers
- Offer Not Accepted|11 Weeks Ago~$800K OfferSold for $900K4 bd | 3 ba | ~2,000 sqftOver List Price2%Days on Market6Competing Offers19Down Payment~20%
View houses in Wakefield that sold recently
Recently sold homes
- $850,000 Last Sold Price3 beds2 baths2,192 sq ft7 Plaza Rd, Wakefield, MA 01880List Price$719,000Sale to List18% over listDays on Market43 days7 Plaza Rd, Wakefield, MA 01880
- $1,166,800 Last Sold Price4 beds3.5 baths3,161 sq ft7 Robert St, Wakefield, MA 01880List Price$1,089,000Sale to List7% over listDays on Market62 days7 Robert St, Wakefield, MA 01880
- $700,000 Last Sold Price3 beds1.5 baths1,692 sq ft79 Old Nahant Rd, Wakefield, MA 01880List Price$699,900Sale to List0% over listDays on Market189 days79 Old Nahant Rd, Wakefield, MA 01880
- $398,000 Last Sold Price—beds—baths—sq ft0 Old Nahant Rd Lot 2f, Wakefield, MA 01880List Price$250,000Sale to List59% over listDays on Market66 days0 Old Nahant Rd Lot 2f, Wakefield, MA 01880
- $718,000 Last Sold Price4 beds2 baths1,847 sq ft19 Green St, Wakefield, MA 01880List Price$699,900Sale to List3% over listDays on Market41 days19 Green St, Wakefield, MA 01880
- $910,000 Last Sold Price3 beds2 baths1,987 sq ft28 Court St, Wakefield, MA 01880List Price$949,900Sale to List4% under listDays on Market64 days28 Court St, Wakefield, MA 01880
- $850,000 Last Sold Price3 beds2 baths1,968 sq ft16 Gregory Rd, Wakefield, MA 01880List Price$749,900Sale to List13% over listDays on Market30 days16 Gregory Rd, Wakefield, MA 01880
- $855,000 Last Sold Price6 beds2 baths2,112 sq ft11 Central Ave, Wakefield, MA 01880List Price$750,000Sale to List14% over listDays on Market48 days11 Central Ave, Wakefield, MA 01880
See all recently sold homes in Wakefield.
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Schools in Wakefield
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Greenwood Elementary School Public • K-4 | 215 Students | 4 reviews |
8/10 South Elementary School Public • K-4 | 328 Students | 6 reviews |
7/10 Woodville School Public • K-4 | 409 Students | 6 reviews |
7/10 Galvin Middle School Public • 5-8 | 1058 Students | 5 reviews |
6/10 Stoneham Middle School Public • 5-8 | 708 Students | 7 reviews |
Climate's impact on Wakefield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Wakefield.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Wakefield
Walk Score®
Transit Score®
Bike Score®
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