Wakefield, RI Foreclosures
Current Market Conditions in in Wakefield, RI As of February 2026?
Over the past month, Wakefield has witnessed a continued increase in home prices and a decrease in inventory. This trend has put upward pressure on prices, with many listings selling within days of being on the market. The demand remains high, especially for properties within walking distance to the beach or town center, as more families look to settle in this desirable area.
How much do homes sell for in Wakefield, RI?
The average home price is currently $784,464.
In Wakefield, RI, how many homes are available?
There are currently 5 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 $1,914,530.
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 quaint village known for its scenic beauty, vibrant community culture, and access to outdoor activities. With quality schools and a family-friendly atmosphere, it offers an ideal location for diverse lifestyles. Residents enjoy a mix of coastal charm and small-town warmth, making it a desirable place to live.
Buyer vs Seller Market in Wakefield, RI
The Wakefield real estate market is currently experiencing an uptick in home values, driven by rising demand due to its attractive lifestyle and community amenities. Homes are selling quickly, often with multiple offers, as buyers seek the perfect combination of beach access and suburban comfort.
In recent months, the inventory of homes for sale has decreased, leading to an increase in competitive bidding situations. Prices of single-family homes has seen a consistent rise over the past year, with many properties receiving significant attention from both local and out-of-state buyers.
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 $621,389.00. 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 $784,464.00, with the most expensive house
in Wakefield, RI, topping out
at $1,914,530.00 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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