Wakefield, RI Foreclosures
How much do homes sell for in Wakefield, RI?
The average home price is currently $789,960.
In Wakefield, RI, how many homes are available?
There are currently 10 active home listings available in Wakefield.
What’s the average rental cost in Wakefield, RI?
The average rental price in Wakefield is $1,716.
What is the most expensive home in Wakefield?
The most expensive home sold in Wakefield had a price of $1,928,172.
What is currently the cheapest priced home in Wakefield, RI?
The cheapest home for sale in Wakefield is priced at $175,046.
Living in Wakefield, RI
Wakefield, RI, is a picturesque village located in South Kingstown that combines coastal charm with community spirit. Known for its scenic beaches and vibrant downtown, this area offers an inviting lifestyle with excellent schools and recreational activities. With its blend of history and modernity, Wakefield appeals to families and individuals seeking a quaint yet lively environment.
Current Market Conditions in Wakefield, RI
The real estate market in Wakefield is currently competitive, with many buyers seeking homes near the coastline. Recent trends indicate a steady increase in property values, reflecting a growing demand for real estate in this picturesque area. As home prices continue to rise, many potential buyers are looking to make quick offers to secure their desired properties before prices escalate further.
As of late, the inventory of homes available for sale has decreased slightly, resulting in fewer options for prospective buyers. However, those looking to invest in a home in Wakefield will find a mix of styles, from charming historic houses to modern family homes, appealing to a wide audience. Agents emphasize the importance of acting swiftly, as homes in appealing neighborhoods tend to go under contract quickly.
Home Value Estimator For Wakefield, RI
There are currently 19 real estate properties
in Wakefield, RI,
with a median automated valuation model (AVM) price
of $711,295.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wakefield, RI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Wakefield, RI,
is $789,960.00, with the most expensive house
in Wakefield, RI, topping out
at $1,928,172.00 and the cheapest home
in Wakefield, RI,
clocking in at $175,046.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wakefield, RI!
Rent Prices
In Wakefield, RI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wakefield, RI, is on
a rollercoaster ride. The
average rent price in Wakefield, RI,
is $1,716.00. Indeed, when looking to rent in
Wakefield, RI, you can expect to pay as little
as $870.00 or as much
as $2,740.00,
with the average rent median estimated to
be $1,710.00. The good news is that finding
an affordable and desirable property to rent in Wakefield, RI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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