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Foreclosure Homes in Wakefield, RI

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Wakefield, RI Foreclosures

Current Market Conditions in in Wakefield, RI As of March 2026?
Over the last month, Wakefield's real estate market has continued to show signs of brisk activity. There has been an increase in median home prices, which reflects a robust demand against a backdrop of limited supply. New listings are quickly going under contract, often at prices above asking due to the competitiveness of the market. Potential buyers are encouraged to act fast as homes are selling much quicker than in previous months, showcasing a shift toward a seller's market as demand outpaces supply.
How much do homes sell for in Wakefield, RI?
The average home price is currently $774,726.
In Wakefield, RI, how many homes are available?
There are currently 7 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 $1,891,553.
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, a quaint village in South Kingstown, Rhode Island, is known for its charming storefronts, historic homes, and beautiful beaches. The area offers a rich blend of outdoor activities, artsy culture, and community events. It's a perfect place for families and retirees seeking a peaceful New England lifestyle while being close to the Atlantic Ocean.

Buyer vs Seller Market in Wakefield, RI

The real estate market in Wakefield is currently experiencing moderate activity. Home prices have shown a steady increase, reflecting a growing interest in this coastal area. Strong demand for housing is being fueled by the low inventory and desirable location, attracting both first-time home buyers and retirees looking for a place to settle down.

New construction and renovations of older homes are becoming more common, with buyers often seeking properties that offer charm combined with modern conveniences. The market remains competitive, with homes typically receiving multiple offers, as many buyers are eager to move into this attractive community.

Home Value Estimator For Wakefield, RI

There are currently 20 real estate properties in Wakefield, RI, with a median automated valuation model (AVM) price of $607,190.00. 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 $774,726.00, with the most expensive house in Wakefield, RI, topping out at $1,891,553.00 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.

Wakefield, RI Foreclosures


Market Trend for Wakefield, RI

Total Listings Available: 7

Market Values:

Home Prices from $175,046 to $1,891,553

Average Sales Price: $774,726

Rental Values:

Rental from $870 to $2,740

Average Rent Value: $1,716 / month

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