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Our Wakefield, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Wakefield as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Wakefield, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Wakefield MA Community Profile & History
Wakefield, Massachusetts is a desirable suburban residential community governed by a spirited, well-informed citizenry interested in both maintaining the natural beauty of the town and in providing a high quality of life.
First settled as a part of Lynn in 1639, the town was originally incorporated as "South Reading" in 1812. Early industries grew up around the new railroad line, which first ran through the town in 1844. In 1868, local proprietor Cyrus Wakefield donated land and money for the construction of a new town hall, and the community was subsequently renamed in his honor.
Wakefield has an illustrious heritage, many fine old buildings, and is proud of its educational system. In addition, the town has a state-of-the-art library and a flourishing cultural life.
The Central Business District along Main Street consists of banks, public buildings, specialty shops and professional offices. Town residents confidently assert that Wakefield is a well-managed community.
Adding to the town's beauty are its two lakes: Crystal Lake, a water supply source, and Lake Quannapowitt. The latter provides year-round recreational opportunities for residents and visitors alike: swimming, boating and fishing in the summer and ice fishing, ice boating, hockey and ice skating in the winter. The Recreation Commission sponsors summer sports workshops, usually featuring tennis and swimming. The town's many playgrounds and parks host numerous junior sports programs ranging from t-ball to soccer to Pop Warner football.
Wakefield, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Wakefield Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 92 167 $427456 $225000 $395000 $976000 |
2007 86 176 $429918 $155000 $397000 $900000 |
2008 85 168 $407817 $155000 $383250 $1020000 |
2009 83 193 $433304 $85000 $389900 $1265000 |
Average Selling Price of Single Family Homes in Wakefield
| 2006 |  $427456 | |
| 2007 | $429918 | |
| 2008 | $407817 | |
| 2009 | $433304 |
Wakefield Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 123 131 $334095 $141500 $342000 $659900 |
2007 185 107 $331765 $142500 $345390 $560600 |
2008 172 86 $319267 $118000 $325000 $556000 |
2009 140 93 $326891 $139690 $314000 $595000 |
Average Selling Price of Condominiums in Wakefield
| 2006 | $334095 | |
| 2007 | $331765 | |
| 2008 | $319267 | |
| 2009 | $326891 |
Regional Market Reports
MA Real Estate Market Report – First Quarter 2010
Wakefield Massachusetts Community Information
Wakefield Community Demographics and Local Resources
Request a Market Analysis on a Home in Wakefield
Wakefield Schools
Wakefield Area Newspaper
Wakefield MA Real Estate Information
Condominium Information
Farm Properties
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Land for Sale in Wakefield
All Homes for Sale in Wakefield
Retirement Homes and Adult Living Communities
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Home Buyer's Real Estate Guide
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How to Buy Your First Home
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Home Seller's Real Estate Guide
Maximizing the Sale of Your Real Estate
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