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Featured local agent — Wakefield-Peace Dale, RI
Sarah Mitchell
Compass Real Estate · Wakefield-Peace Dale, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wakefield-Peace Dale, RI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$529,000median sale price
How is the Wakefield-Peace Dale, RI housing market right now?
The median home sale price in Wakefield-Peace Dale, RI is $529,000, down 36.5% year-over-year. Homes sell in an average of 26 days with 12 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-Peace Dale a buyer's or seller's market?
Wakefield-Peace Dale, RI is currently a strong seller's market, based on 0.9 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
13
Last 12 weeks
Days on market
26
Average pace
Active listings
12
0.9 months supply
Sale-to-list
101.0%
Above asking
What does the Wakefield-Peace Dale housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $529,000 |
| Median list price | $799,900 |
| Year-over-year price change | -36.5% |
| Average days on market | 26 days |
| Active inventory | 12 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 101.0% |
| Median price per sq ft | $358/sq ft |
| Homes sold (latest month) | 13 |
| New listings (latest month) | 11 |
| Listings with a price cut | 16.7% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wakefield-Peace Dale by property type?
How the Wakefield-Peace Dale, RI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $717,450 | $412/sq ft | 8 | 9 days |
| Condo / Co-op | $487,500 | $358/sq ft | 3 | 53 days |
Source: Redfin · Updated monthly
The Wakefield-Peace Dale housing market is currently classified as a strong seller's market with a median sale price of $529,000. Prices have fallen 36.5% compared to last year, with homes spending an average of 26 days on market, indicating 0.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Wakefield-Peace Dale
There are currently 12 homes listed for sale in Wakefield-Peace Dale, Rhode Island. The median listing price is $800K.
Active listings
12
Homes on market
Median list price
$800K
Avg. days on market
26
Days until sale
New this week
11
Newly listed
Who lives in Wakefield-Peace Dale?
Population
9,812
Median income
$111,200/yr
Median age
41 years
Owner-occupied
68.1%
College grads
59.8%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What is it like to live in Wakefield-Peace Dale?
Wakefield-Peace Dale is a community of approximately 10K residents with a median age of 41 years.The median household income is $111,200, which reflects a relatively affluent area with strong earning potential. 59.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 68.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wakefield-Peace Dale offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Wakefield-Peace Dale, RI?
Want a head-to-head view? Compare Wakefield-Peace Dale side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wakefield-Peace Dale?
The median home sale price in Wakefield-Peace Dale is $529,000, down 36.5% from last year.
How long do homes stay on market in Wakefield-Peace Dale?
Homes typically spend 26 days on market before going under contract.
What is the median income in Wakefield-Peace Dale?
The median household income is $111,200 per year.
Is Wakefield-Peace Dale a buyer's or seller's market?
With 0.9 months of supply, Wakefield-Peace Dale is currently a strong seller's market.
What is the median condo price in Wakefield-Peace Dale?
The median condo/co-op sale price in Wakefield-Peace Dale, RI is $487,500, compared to $717,450 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Wakefield-Peace Dale?
The median single-family home price in Wakefield-Peace Dale, RI is $717,450 (about $412 per square foot).
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