The Downtown Wakefield housing market is very competitive. The median sale price of a home in Downtown Wakefield was $885K last month, up 23.3% since last year.
What is the housing market like in Downtown Wakefield today?
In January 2025, Downtown Wakefield home prices were up 23.3% compared to last year, selling for a median price of $885K. On average, homes in Downtown Wakefield sell after 26 days on the market compared to 185 days last year. There were 3 homes sold in January this year, up from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$885,000
+23.3% YoY | Jan 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jan 2025
Growth
% YoY
Downtown Wakefield, MA
$885,000
+23.3%
United States
To compare other locations to the Downtown Wakefield and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Wakefield add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
Work with the best agents in Downtown Wakefield
Redfin agents are among the most experienced in the industry, so we know how to help you win in today's market.
How hot is the Downtown Wakefield housing market?
Downtown Wakefield is very competitive. Homes sell in 16 days.
0
100
85
Very Competitive
Redfin Compete Score™
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 5% above list price and go pending in around 16 days.
Hot homes
can sell for about 8% above list price and go pending in around 11 days.
Learn about schools in the Downtown Wakefield area
Elementary
Middle
High
GreatSchools Rating
6/10
Galvin Middle School
Public • 5-8
1058
Students
5 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Wakefield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Wakefield.
Flood Factor - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Wakefield has a minor risk of flooding. 2 properties in Downtown Wakefield are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in Downtown Wakefield. Flood risk is increasing slower than the national average.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Downtown Wakefield has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Downtown Wakefield is most at risk from hurricanes. 385 properties in Downtown Wakefield have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 92 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 100 mph.
99% of properties are at major
risk of heat over the next 30 years
Heat Factor
Downtown Wakefield has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Downtown Wakefield have a Major Heat Factor®.
Downtown Wakefield is expected to see a 114% increase in the number of days over 97ºF over the next 30 years. Downtown Wakefield is expected to experience 6