Why Live in Wakefield
Wakefield, MA, is a community-oriented town located 14 miles from Boston with a population of 27,000 residents. Incorporated in 1812, Wakefield has a rich history dating back to its colonization in 1638. The town's economy is supported by industries such as Frito-Lay manufacturing, healthcare, professional services, and education. Downtown Wakefield is undergoing redevelopment, enhancing Main Street and its mixed-use buildings. The Wakefield Farmers Market, open every Saturday from mid-June through October, features local produce and live music. Dining options include Harrington's Pub, Blue Moon Grill, and Zuzu’s Cafe. Redstone Shopping Center and MarketStreet Lynnfield offer a variety of retail and dining choices. Wakefield boasts over a dozen parks, including Lake Quannapowitt, which is popular for boating and swimming. The Lucius Beebe Memorial Library serves as a community hub with various groups and activities. The town hosts the annual Festival by the Lake, featuring arts and crafts, food vendors, and live music. Housing in Wakefield includes historic colonials, Cape Cod-style homes, modern condominiums, and townhouses, with most homes built before 1940. The town is accessible via Interstates 93 and 95, Route 128, and the MBTA Commuter Rail. Wakefield Public Schools and Mystic Valley Regional Charter School are highly rated, with strong academic and college prep programs. The town has low crime rates compared to the national average and utilizes the CodeRED Alert System for emergency notifications.
Home Trends in Wakefield, MA
On average, homes in Wakefield, MA sell after 21 days on the market compared to the national average of 70 days. The median sale price for homes in Wakefield, MA over the last 12 months is $724,450, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$724,450
Median Single Family Sale Price
$1,582,000
Median Townhouse Sale Price
$699,000
Median 2 Bedroom Sale Price
$699,000
Median 1 Bedroom Sale Price
$539,900
Average Price Per Sq Ft
$531
Number of Homes for Sale
5
Last 12 months Home Sales
94
Median List Price
$699,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
11%