Why Live in Wakefield
Wakefield, a residential neighborhood in Little Rock, is known for its natural charm and affordability. The area features green spaces with lakes and creeks, making it appealing for both first-time homebuyers and investors. The neighborhood is conveniently located, with Downtown Little Rock just 10 to 15 minutes away and the Outlets of Little Rock a mere 5-minute drive. Wakefield is characterized by brick ranch homes from the 1950s and '60s on spacious quarter-acre lots, alongside newer subdivisions that include amenities like golf courses and pools. The average home price is around $150,000, with options ranging from $100,000 for a three-bedroom, two-bath home to $650,000 for a larger, newer build. Approximately half of the residents rent their homes, and the market has seen a slowdown, with homes often sitting for over a month.
Local dining options include Paty’s Gorditas, known for its authentic Mexican cuisine, and H.B.’s Barbecue, a community staple since 1961. Grocery shopping is convenient with a Kroger located 2 miles away on Geyer Springs Road. For shopping enthusiasts, the Outlets of Little Rock, featuring stores like Banana Republic and H&M, is just 5 miles away. Outdoor activities are plentiful, with Wakefield Park offering tennis courts and Benny Craig Park providing a playground and fishing creek. The neighborhood is safer than the national average, adding to its appeal. With Interstate 30 bordering the south, residents enjoy an easy 8-mile drive to downtown Little Rock.
Home Trends in Wakefield, AR
On average, homes in Wakefield, Little Rock sell after 49 days on the market compared to the national average of 70 days. The median sale price for homes in Wakefield, Little Rock over the last 12 months is $439,958, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$439,958
Median Single Family Sale Price
$625,000
Average Price Per Sq Ft
$261
Number of Homes for Sale
2
Last 12 months Home Sales
11
Median List Price
$574,495
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%