$7,124 Closing Credit*
$599,900
1,014 SqFt
2 Beds
•1 Full Bath
#73320696, Alexander Zedros, Listing Office: Harbor View Real Estate Corp.
Is Wakefield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Wakefield has remained a Seller's Market.
Key Takeaway
Wakefield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wakefield, MA
How much do homes in Wakefield, MA cost?
Median Sold Price
$760,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$56,166(+8.0%)
Key Takeaway
Homes in Wakefield have sold for 8% more than they did a year ago.
Summary: The median home sold price in Wakefield was $760,000 in November 2024, up 8% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380.5K | $361K | -5.1% |
| 2 Bedrooms | $555.5K | $602K | +8.4% |
| 3 Bedrooms | $717.5K | $760K | +5.9% |
| 4 Bedrooms | $804.5K | $910K | +13.1% |
| 5+ Bedrooms | $950K | $925K | -2.6% |
Summary: Wakefield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 2.6%.
Housing Supply in Wakefield, MA
How many homes are available in Wakefield, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 60 | -29.4% |
Summary: The Wakefield real estate market had 60 homes for sale in November 2024, a 29.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 21 | 14 | -33.3% |
| 3 Bedrooms | 34 | 25 | -26.5% |
| 4 Bedrooms | 21 | 17 | -19.0% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Wakefield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 26.5%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 19 | -26.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wakefield, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Wakefield in November 2024, down by 26.9% month-over-month. Of the 19 sold homes, 42% were sold under asking, 5% were sold at asking, and 53% were sold over asking.
Days on Market for Wakefield, MA
How long does it take to sell a home in Wakefield, MA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 24 Days | +21.1% |
Summary: Homes in Wakefield had an average of 24 days on market in Nov 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wakefield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 19 homes were sold in Wakefield; 63% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
