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Featured local agent — Wakefield, MA
Sarah Mitchell
Compass Real Estate · Wakefield, MA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wakefield, MA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$880,000median sale price
How is the Wakefield, MA housing market right now?
The median home sale price in Wakefield, MA is $880,000, up 12.1% year-over-year. Homes sell in an average of 17 days with 38 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wakefield a buyer's or seller's market?
Wakefield, MA is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
17
Fast-moving
Active listings
38
1.8 months supply
Sale-to-list
104.3%
Above asking
What does the Wakefield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $880,000 |
| Median list price | $749,900 |
| Year-over-year price change | +12.1% |
| Average days on market | 17 days |
| Active inventory | 38 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 104.3% |
| Median price per sq ft | $477/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 43 |
| Listings with a price cut | 18.4% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wakefield by property type?
How the Wakefield, MA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $905,000 | $477/sq ft | 9 | 16 days |
| Condo / Co-op | $586,000 | $596/sq ft | 7 | 17 days |
| Townhouse | $1.03M | $480/sq ft | 1 | 22 days |
Source: Redfin · Updated monthly
The Wakefield housing market is currently classified as a strong seller's market with a median sale price of $880,000. Prices have risen 12.1% compared to last year, with homes spending an average of 17 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.4x provides context for how home values compare to local earning capacity.
Homes for sale in Wakefield
There are currently 38 homes listed for sale in Wakefield, Massachusetts. The median listing price is $750K.
Active listings
38
Homes on market
Median list price
$750K
Avg. days on market
17
Days until sale
New this week
43
Newly listed
Who lives in Wakefield?
Population
27,284
Median income
$130,320/yr
Median age
42.9 years
Owner-occupied
70.4%
College grads
57.0%
Avg commute
31.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Wakefield?
Zillow home value
$838,213
Zillow rent index
$2,824/mo
Price-to-rent ratio
24.7x
Price-to-income
6.4x
Source: Zillow Research
What is it like to live in Wakefield?
Wakefield is a community of approximately 27K residents with a median age of 42.9 years.The median household income is $130,320, which reflects a relatively affluent area with strong earning potential. 57.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 70.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Wakefield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Wakefield?
8 schools tracked · 4,708 students
The largest public schools serving Wakefield, MA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Northeast Metro Regional Vocational
Grades 9-12 · 1,343 students
Galvin Middle School
Grades 5-8 · 1,052 students
Wakefield Memorial High
Grades 9-12 · 840 students
Woodville School
Grades PK-4 · 450 students
Dolbeare
Grades K-4 · 447 students
Greenwood
Grades K-4 · 228 students
Walton
Grades K-4 · 213 students
Early Childhood Center at the Doyle School
Grades PK · 135 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Wakefield, MA?
Want a head-to-head view? Compare Wakefield side-by-side with any other U.S. city using our market-comparison tool.
Is Wakefield a good real estate investment market?
For investors evaluating Wakefield, the price-to-rent ratio of 24.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 12.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Wakefield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Wakefield's median home price.
Frequently asked questions
What is the average home price in Wakefield?
The median home sale price in Wakefield is $880,000, up 12.1% from last year.
How long do homes stay on market in Wakefield?
Homes typically spend 17 days on market before going under contract.
What is the median income in Wakefield?
The median household income is $130,320 per year.
Is Wakefield a buyer's or seller's market?
With 1.8 months of supply, Wakefield is currently a strong seller's market.
What is the Zillow home value estimate for Wakefield?
The Zillow Home Value Index (ZHVI) for Wakefield is $838,213, representing the typical home value in the area.
What is the median condo price in Wakefield?
The median condo/co-op sale price in Wakefield, MA is $586,000, compared to $905,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Wakefield?
The median single-family home price in Wakefield, MA is $905,000 (about $477 per square foot).
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