Wakefield's real estate market is currently hot with low inventory and high demand. Home prices have increased 4.2% in the past month alone. With only 3 active listings, inventory is 70% lower than typical for this time of year. Properties are selling within just 4 days on average, much faster than the historical norm of 30 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 37.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Wakefield market with the affordability index at 208.8. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.