$8,776 Closing Credit*
$739,000
1,096 SqFt
2 Beds
•2 Full Baths
#73313786, Saverio Fulciniti, Listing Office: 14 Advisors
Is Wakefield, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$750,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,500(+6.9%)
Key Takeaway
Homes in Wakefield have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Wakefield was $750,000 in October 2024, up 6.9% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $411K | $372K | -9.5% |
| 2 Bedrooms | $541K | $604.5K | +11.7% |
| 3 Bedrooms | $728K | $740K | +1.6% |
| 4 Bedrooms | $789K | $910K | +15.3% |
| 5+ Bedrooms | $932.5K | $917.5K | -1.6% |
Summary: Wakefield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in Wakefield, MA
How many homes are available in Wakefield, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 82 | +20.6% |
Summary: The Wakefield real estate market had 82 homes for sale in October 2024, a 20.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 25 | 33 | +32.0% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Wakefield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 26 | +44.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wakefield, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Wakefield in October 2024, up by 44.4% month-over-month. Of the 26 sold homes, 35% were sold under asking, 15% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 33 Days | +100.3% |
Summary: Homes in Wakefield had an average of 33 days on market in Oct 2024, up by 100.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 26 homes were sold in Wakefield; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
