Is Wakefield a buyer's or seller's market right now?

Wakefield is currently a seller's market with 1.1 months of supply. 15.8% of homes sell above asking price, and 70% go pending within two weeks. The Ridley Sell Score for Wakefield is 65/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Wakefield?

The median home price in Wakefield is $870,000, up 11.7% year-over-year. The median price per square foot is $410. Homes sell in a median of 24 days with a sale-to-list ratio of 98.6%.

How much does it cost to sell a home in Wakefield, Massachusetts?

On a $870,000 home in Wakefield, a traditional listing agent charges around $26,100 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $69,600 or more. With Ridley Essentials ($999) you save $25,101, and with Ridley Pro ($3,499) you save $22,601 while getting full agent support.

How does Ridley's flat fee compare to a traditional Wakefield agent?

A traditional Wakefield listing agent typically charges 3% of the sale price — about $26,100 on a $870,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $25,101–$22,601 compared to a traditional agent.

How long does it take to sell a home in Wakefield?

The median home in Wakefield currently spends 24 days on the market before going under contract. 70% of homes go pending within two weeks. At a 98.6% sale-to-list ratio, sellers are seeing some negotiation. Only 25% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Massachusetts?

No. Massachusetts does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $870,000 home, that could save you up to $22,601.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Massachusetts. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $26,100 commission.

National/Massachusetts

Wakefield, MA

Is Now a Good Time to Sell in Wakefield, Massachusetts?

The median home in Wakefield sells for $870,000 with prices up 11.7% year-over-year. The average seller pays $26,100 in commissions — Ridley’s flat fee saves you $22,601.

Wakefield Real Estate Market Conditions — March 2026

65out of 100

Ridley Sell Score

How it's scored →

Moderate

65/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Wakefield market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Watch for competing listings dropping prices — come in sharp from day one. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

1.1 months of supply — well below the 5-month balanced threshold — 42% below the Massachusetts average of 1.9.

Price MomentumNeutral

Prices up 11.7% year-over-year — vs. 0% statewide.

Seller LeverageNeutral

Homes selling at 98.6% of asking — buyers are negotiating 1.4% below list. Massachusetts average is 99.3%.

Bidding ActivityFavors buyers

15.8% of homes selling above list price — 57% below the Massachusetts average of 36.5%.

Sale SpeedFavors sellers

24 median days on market — 16 days faster than the Massachusetts average.

Market UrgencyFavors sellers

70% of listings go pending within 2 weeks — vs. 42.5% statewide.

Price StabilityFavors buyers

25% of listings have dropped their price. Massachusetts average is 20%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$870,000

+11.7%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$410

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

98.6%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

1.1

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

15.8%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

25%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

70%

Fast-moving

12-Month Price Trend

$1,039,900 → $870,000

▼16.3%

$1.0M$800K$600K

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Wakefield — delivered monthly.

Your savings

How much can you save selling your home in Wakefield?

The average Wakefield homeowner saves $22,601 by selling with Ridley instead of paying the traditional 3% listing commission on a $870,000 home.

$0Estimated savings

That could fund a full kitchen remodel — save 2.6% of your home value

Your Wakefield home value

$870,000

$50,000$10M

Traditional Agent (3%)

$26,100

Ridley Pro (flat fee)

$3,499

Ready to sell in Wakefield?

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Cost comparison

How much does it cost to sell a house in Wakefield?

The total cost to sell a house in Wakefield in 2026 ranges from $999 with Ridley Essentials to approximately $26,100 with a traditional 3% commission on a $870,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$26,100	$3,499	$999	$0
Buyer agent	$24,3602.8% avg	$17,400~2% avg	$17,400~2% avg	$24,3602.8% avg
Closing costs (~1.5%)	$13,050	$13,050	$13,050	$13,050
Total cost	$63,510	$33,949	$31,449	$37,410
Net proceeds	$806,490	$836,051	$838,551	$832,590
You save	—	$22,601	$25,101	$26,100No support