New - 1 day on Rocket
$10,000 Closing Credit¹
#73327239, Aranson Maguire Group, Listing Office: Compass
Wakefield Housing Market Report December 2024•Middlesex County, Massachusetts
Housing Prices in Wakefield, MA
How much do homes in Wakefield, MA cost?
Housing Market Conditions
Is Wakefield, MA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Wakefield is a Seller's Market
Difference Since December 2023
Since last year, Wakefield has remained a Seller's Market.
Insight
Wakefield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$763,800$435/SqFt
+$53,800
+7.6%
Based on all homes sold in the last 12 months
Insight
Homes in Wakefield have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Wakefield was $763,800 in December 2024, up 7.6% from last year, and the median price per square foot was $435.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $380.5K | $361K | -5.1% |
| 22 Bedrooms | $583K | $575K | -1.4% |
| 33 Bedrooms | $729K | $756K | +3.7% |
| 44 Bedrooms | $804.5K | $910K | +13.1% |
| 55+ Bedrooms | $950K | $917.5K | -3.4% |
Summary: Wakefield housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -5.1%. The home price for 2 bedroom homes decreased by -1.4%. The home price for 3 bedroom homes increased by +3.7%. The home price for 4 bedroom homes increased by +13.1%. The home price for 5 bedroom homes decreased by -3.4%.
Housing supply in Wakefield, MA
How many homes are available in Wakefield, MA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 56Last MonthDec 2024 | ||
| 662 months agoNov 2024 | -15.2 % Change MoMNov – Dec |
Summary: The Wakefield real estate market had 56 homes for sale in Dec 2024, a 15.2 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 28Last MonthDec 2024 | ||
| 232 months agoNov 2024 | +21.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 2 | +100.0% |
| 22 Bedrooms | 15 | 14 | -6.7% |
| 33 Bedrooms | 28 | 21 | -25.0% |
| 44 Bedrooms | 19 | 14 | -26.3% |
| 55+ Bedrooms | 3 | 5 | +66.7% |
Summary: Wakefield housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes decreased by -6.7%. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes decreased by -26.3%. The inventory for 5 bedroom homes increased by +66.7%.
Asking Price vs. Sold Price
How much do homes in Wakefield, MA cost?
Over Asking Price14 Homes
At Asking Price5 Homes
Under Asking Price9 Homes
Insight
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 28 homes were sold or pending in Wakefield in December 2024, up by 21.7% month-over-month. Of the 28 sold homes, 32% were sold under asking, 18% were sold at asking, and and 50% were sold over asking.
Days on Market for Wakefield, MA
How long does it take to sell a home in Wakefield, MA?
Breakdown of Home Sale Times
Under 30 Days18 Homes
30 – 90 Days6 Homes
Over 90 Days3 Homes
Insight
Many homes in Wakefield are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 28 homes were sold in Wakefield; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 34 DaysThis YearDec 2024 | ||
| 47 Days1 year agoDec 2023 | -28.7 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Wakefield had an average listing age of 34 days in Dec 2024, down by 28.7% compared to the previous year.
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Newest Listings in Wakefield, MA
What homes are available in Wakefield, MA?
$7,718 Closing Credit¹
#73324275, Christine Rich, Listing Office: Citylight Homes LLC
Backup offers
$8,609 Closing Credit¹
#73323741, Vincenzo Pintone, Listing Office: Lyv Realty
$6,530 Closing Credit¹
#73323028, Aranson Maguire Group, Listing Office: Compass
Backup offers
$5,936 Closing Credit¹
#73321806, The Synergy Group, Listing Office: The Synergy Group
$6,352 Closing Credit¹
#73320229, Christopher Barrett, Listing Office: Barrett, Chris. J., REALTORS®
$10,000 Closing Credit¹
#73319116, Fine Homes Group, Listing Office: Keller Williams Realty Boston-Metro | Back Bay
$10,000 Closing Credit¹
#73317505, Fine Homes Group, Listing Office: Keller Williams Realty Boston-Metro | Back Bay
$10,000 Closing Credit¹
#73317380, McCaul & Mounsif Real Estate Group, Listing Office: Coldwell Banker Realty - Cambridge
$10,000 Closing Credit¹
#73315031, John Ross, Listing Office: Coldwell Banker Realty - Lexington
$10,000 Closing Credit¹
#73308638, Lara Chankhour, Listing Office: Coldwell Banker Realty - Lynnfield
$10,000 Closing Credit¹
#73284607, Aranson Maguire Group, Listing Office: Compass
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MLS Disclaimers and Copyright
Based on information from MLS Property Information Network Inc., for the period 01/01/2023 - 01/01/2025
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 11:55:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.