Wakefield, MA Housing Market
The Wakefield housing market is most competitive. Homes in Wakefield receive 8 offers on average and sell in around 8 days. The median sale price of a home in Wakefield was $760K last month, up 12.6% 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 April 2024, Wakefield home prices were up 12.6% compared to last year, selling for a median price of $760K. On average, homes in Wakefield sell after 8 days on the market compared to 12 days last year. There were 19 homes sold in April this year, up from 15 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 13 days.
- Hot homescan sell for about 12% 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 3% above list price and go pending in around 16 days.
- Hot homescan sell for about 7% above list price and go pending in around 6 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|7 Weeks Ago~$800K OfferSold for $850K3 bd | 2 ba | ~2,250 sqftOver List Price12%Days on Market7Competing Offers16Down Payment~10%
View houses in Wakefield that sold recently
Recently sold homes
- $935,000 Last Sold Price4 beds1.5 baths1,972 sq ft221 Lowell St, Wakefield, MA 01880List Price$789,900Sale to List18% over listDays on Market35 days221 Lowell St, Wakefield, MA 01880
- $1,200,000 Last Sold Price7 beds4 baths3,787 sq ft18-20 Melvin St, Wakefield, MA 01880List Price$1,299,000Sale to List8% under listDays on Market97 days18-20 Melvin St, Wakefield, MA 01880
- $881,000 Last Sold Price4 beds2 baths2,130 sq ft29 Sunset Dr, Wakefield, MA 01880Redfin Corp.List Price$900,000Sale to List2% under listDays on Market43 days29 Sunset Dr, Wakefield, MA 01880
- $851,000 Last Sold Price3 beds2.5 baths2,274 sq ft80 Chestnut St, Wakefield, MA 01880List Price$849,999Sale to List0% over listDays on Market31 days80 Chestnut St, Wakefield, MA 01880
- $970,000 Last Sold Price3 beds2.5 baths2,136 sq ft30 Hanson St, Wakefield, MA 01880List Price$799,000Sale to List21% over listDays on Market37 days30 Hanson St, Wakefield, MA 01880
- $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
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®
Transit Score®
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