Wakefield, MA Housing Market
The Wakefield housing market is most competitive. Homes in Wakefield receive 8 offers on average and sell in around 14 days. The median sale price of a home in Wakefield was $850K last month, up 16.6% since last year. The median sale price per square foot in Wakefield is $455, up 19.6% since last year.
Wakefield Housing Market Trends
In May 2024, Wakefield home prices were up 16.6% compared to last year, selling for a median price of $850K. On average, homes in Wakefield sell after 14 days on the market compared to 15 days last year. There were 18 homes sold in May this year, down from 29 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 7% above list price and go pending in around 12 days.
- Hot homescan sell for about 14% above list price and go pending in around 7 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 4% above list price and go pending in around 14 days.
- Hot homescan sell for about 9% above list price and go pending in around 7 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
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 10 days.
- Hot homescan sell for about 13% above list price and go pending in around 7 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 Washington.
- 83% of Wakefield homebuyers searched to stay within the Wakefield metropolitan area.
- Portland was the most popular destination among Wakefield homebuyers followed by Lebanon and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,455 | ||
2 | 1,575 | ||
3 | 383 | ||
4 | 371 | ||
5 | 279 | ||
6 | 276 | ||
7 | 123 | ||
8 | 34 | ||
9 | 26 | ||
10 | 22 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,341 | ||
2 | 1,554 | ||
3 | 1,475 | ||
4 | 924 | ||
5 | 894 | ||
6 | 865 | ||
7 | 805 | ||
8 | 655 | ||
9 | 395 | ||
10 | 373 |
Home offer insights for Wakefield
Recent offers
- Offer Not Accepted|10 Weeks Ago~$800K OfferSold for $850K3 bd | 2 ba | ~2,250 sqftOver List Price12%Days on Market7Competing Offers16Down Payment~10%
- Offer Not Accepted|5 Weeks Ago~$800K OfferSold for $900K3 bd | 1.5 ba | ~2,500 sqftOver List Price2%Days on Market5Competing Offers5Down Payment~20%
View houses in Wakefield that sold recently
Recently sold homes
- $535,500 Last Sold Price2 beds1 bath765 sq ft6 Nelly St #2, Wakefield, MA 01880List Price$529,900Sale to List1% over listDays on Market35 days6 Nelly St #2, Wakefield, MA 01880
- $560,500 Last Sold Price2 beds1 bath800 sq ft6 Nelly St #1, Wakefield, MA 01880List Price$549,900Sale to List2% over listDays on Market35 days6 Nelly St #1, Wakefield, MA 01880
- $877,000 Last Sold Price4 beds2 baths1,928 sq ft80 Greenwood Ave, Wakefield, MA 01880List Price$799,000Sale to List10% over listDays on Market52 days80 Greenwood Ave, Wakefield, MA 01880
- $843,000 Last Sold Price4 beds1.5 baths2,077 sq ft80 Elm, Wakefield, MA 01880List Price$785,000Sale to List7% over listDays on Market26 days80 Elm, Wakefield, MA 01880
- $756,000 Last Sold Price3 beds1 bath1,400 sq ft23 Laurel St, Wakefield, MA 01880List Price$629,000Sale to List20% over listDays on Market39 days23 Laurel St, Wakefield, MA 01880
- $725,000 Last Sold Price3 beds1 bath1,423 sq ft31 Hillcrest Rd, Wakefield, MA 01880List Price$639,900Sale to List13% over listDays on Market44 days31 Hillcrest Rd, Wakefield, MA 01880
- $372,000 Last Sold Price1 bed1 bath608 sq ft186 Vernon St #2, Wakefield, MA 01880List Price$355,000Sale to List5% over listDays on Market34 days186 Vernon St #2, Wakefield, MA 01880
- $560,000 Last Sold Price3 beds1.5 baths1,586 sq ft62 Green St, Wakefield, MA 01880List Price$499,900Sale to List12% over listDays on Market22 days62 Green St, 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
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Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
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Transportation in Wakefield
Walk Score®
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