Wakefield, MA Housing Market
The Wakefield housing market is most competitive. Homes in Wakefield receive 8 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 $457, up 26.6% 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 3% above list price and go pending in around 15 days.
- Hot homescan sell for about 9% above list price and go pending in around 9 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 2% above list price and go pending in around 15 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 2% above list price and go pending in around 21 days.
- Hot homescan sell for about 6% above list price and go pending in around 9 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 Lebanon and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 2,367 | ||
2 | 1,280 | ||
3 | 400 | ||
4 | 312 | ||
5 | 131 | ||
6 | 108 | ||
7 | 105 | ||
8 | 28 | ||
9 | 17 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 3,041 | ||
2 | 1,853 | ||
3 | 1,807 | ||
4 | 1,019 | ||
5 | 995 | ||
6 | 895 | ||
7 | 753 | ||
8 | 664 | ||
9 | 394 | ||
10 | 347 |
Home offer insights for Wakefield
Recent offers
- Offer Not Accepted|9 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
- $1,600,000 Last Sold Price4 beds3.5 baths3,908 sq ft54 Winship Dr, Wakefield, MA 01880List Price$1,648,000Sale to List3% under listDays on Market43 days54 Winship Dr, Wakefield, MA 01880
- $650,000 Last Sold Price3 beds1 bath1,383 sq ft21 Bonair Ave, Wakefield, MA 01880List Price$624,900Sale to List4% over listDays on Market35 days21 Bonair Ave, Wakefield, MA 01880
- $912,000 Last Sold Price3 beds1.5 baths2,175 sq ft48 Spring, Wakefield, MA 01880List Price$798,900Sale to List14% over listDays on Market35 days48 Spring, Wakefield, MA 01880
- $1,235,000 Last Sold Price4 beds3.5 baths3,256 sq ft51 Putnam Ave, Wakefield, MA 01880List Price$999,000Sale to List24% over listDays on Market34 days51 Putnam Ave, Wakefield, MA 01880
- $1,026,000 Last Sold Price3 beds2 baths2,411 sq ft16 Scott Ln, Wakefield, MA 01880List Price$889,000Sale to List15% over listDays on Market30 days16 Scott Ln, Wakefield, MA 01880
- $595,500 Last Sold Price3 beds1.5 baths1,260 sq ft42 Salem St Unit D, Wakefield, MA 01880List Price$559,900Sale to List6% over listDays on Market42 days42 Salem St Unit D, Wakefield, MA 01880
- $662,000 Last Sold Price2 beds1.5 baths1,456 sq ft46 Woodcrest Dr, Wakefield, MA 01880List Price$625,000Sale to List6% over listDays on Market38 days46 Woodcrest Dr, Wakefield, MA 01880
- $735,000 Last Sold Price4 beds2 baths1,773 sq ft31 Sweetser St, Wakefield, MA 01880List Price$699,900Sale to List5% over listDays on Market40 days31 Sweetser 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 | 220 Students | 4 reviews |
8/10 South Elementary School Public • K-4 | 332 Students | 6 reviews |
7/10 Woodville School Public • K-4 | 404 Students | 6 reviews |
7/10 Galvin Middle School Public • 5-8 | 1039 Students | 5 reviews |
6/10 Stoneham Middle School Public • 5-8 | 726 Students | 6 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
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Transportation in Wakefield
Walk Score®
Transit Score®
Bike Score®
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