Is Wakefield, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Wakefield was a Seller's Market.
Housing Prices in Wakefield, NY
How much do homes in Wakefield, NY cost?
Median Sold Price
$610,000
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wakefield was $610,000 in March 2024, up 1.7% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $476.5K | $455K | -4.5% |
3 Bedrooms | $560K | $525K | -6.3% |
4 Bedrooms | $650K | $647K | -0.5% |
5+ Bedrooms | $815.5K | $812.5K | -0.4% |
Summary: Wakefield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Neighborhoods
Northeast Bronx | $646K | $667.3K | +3.3% |
Wakefield | $600K | $610K | +1.7% |
Woodlawn | $595K | $556K | -6.6% |
Housing Supply in Wakefield, NY
How many homes are available in Wakefield, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 80 | +15.9% |
Summary: The Wakefield real estate market had 80 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 17 | 21 | +23.5% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 33 | 37 | +12.1% |
Summary: The Wakefield housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Wakefield in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Wakefield, NY
How long does it take to sell a home in Wakefield, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 28 Days | -51.7% |
Summary: Homes in Wakefield had an average of 28 days on market in Mar 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Wakefield; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.