Wakefield · Market report · July 2026
The Wakefield housing market, read monthly.
The Wakefield housing market as of July 2026: the median residential assessment stands at $696K across 8,934 parcels, and an estimated 402 homes change hands in a typical year — about 4.5% of the town's housing stock. Below: the numbers, the neighbor comparison, and my working read.
July 2026 snapshot
Wakefield in four numbers.
- Median assessed value
- $695,800
- Average assessed value
- $728,450
- The median-average gap reflects the higher-value tail of the housing stock.
- Est. sales per year
- 402
- Owners 15+ years
- 38%
The data, spelled out
Wakefield's mid-2026 municipal assessment roll puts the median residential value at $696K and the average at $728K. An estimated 402 residential sales close in Wakefield per year, based on public transaction records — a turnover rate of about 4.5% across 8,934 residential parcels. 38% of owners have held 15+ years and 8% of parcels are absentee-owned as of mid-2026. Assessed values are set for tax purposes and lag open-market pricing; they anchor comparisons across towns, not what a specific home sells for.
Next door
How does Wakefield compare to its neighbors?
| Town | Median assessed | Average assessed | Est. sales / yr |
|---|---|---|---|
| Wakefield | $696K | $728K | 402 |
| Melrose | $799K | $847K | 395 |
| Woburn | $673K | $747K | 558 |
Assessed values from municipal records, mid-2026; sales estimates from public transaction records. Cross-town comparisons describe housing stock and pricing only.
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Kealan's read · July 2026