Wakefield Home Prices Hold Above $800,000 Median as Late Spring Sales Wrap Up

WAKEFIELD -- A Longmeadow Drive property that sold for $2,220,000 anchored a late May through late June sales period that saw 18 recorded deed transfers in Wakefield, with 13 carrying disclosed prices and a median of $801,000.

• MARKET OVERVIEW
• Thirteen of the 18 recorded transactions carried disclosed sale prices, ranging from $344,000 to $2,220,000. The median sale price for the period was $801,000. Five transfers recorded no consideration amount, a common pattern in deed data. The 18 total transactions over roughly four weeks represents a moderate level of recorded activity. The remaining five transactions appear to be intra-family or trust transfers based on the grantor-grantee name patterns; prices were not disclosed in those cases.
• TOP SALES
• The highest-priced transaction of the period was 2 Longmeadow Drive, which sold May 28 for $2,220,000. The sellers were Christopher and Dana Mackey; the buyer of record is Gosder Cherilus TR, acting for Longmeadow Realty Trust. The second-highest sale was an undisclosed-address property on an unnamed street — listed in deed records without a street address — that sold June 8 for $925,000; the seller was Chestnut LLC and the buyers were Zachary Bennedsen and Shaungxou Long. At 14 Sycamore Road, Devin Bhatia and Tania Farrar paid $905,000 on May 29, purchasing from CDG Investments LLC. The sale at 284 Lowell St. closed May 28 at $897,000, with Anna Rachel McAlister and Sean B. Cash selling to Douglas Roy Cohen and Kevin James Monk. Rounding out the top five, 36 Pine Hill Circle sold June 2 for $875,000; Zhi Zuo and Zhouyao Tian sold to Christian Geoffrey Doherty and Cayli Sadler.
• NEIGHBORHOOD BREAKDOWN
• Salem Street produced two disclosed sales this period: 192 Salem St. sold for $855,000 on June 3, and the condo unit at 410 Salem St., Unit 702, sold for $560,000 on May 29. Lowell Street also saw two transactions: 284 Lowell St. sold for $897,000, while 231 Lowell St. recorded no disclosed price. Among properties priced above $800,000, seven sales fell in that tier — Longmeadow Drive, the undisclosed-address sale, Sycamore Road, Lowell Street, Pine Hill Circle, Salem Street, and Nahant Street — indicating a concentration of activity at the higher end of the market. The $500,000–$800,000 tier included four sales: 192 Salem St. (noted above), 6 Nelly St. Unit 1 at $595,000, 14 Wilson Road at $586,000, and 410 Salem St. Unit 702 at $560,000. A single sale fell below $500,000: the condo at 50 Tuttle St. Unit 12, which sold for $344,000.
• MARKET NOTES
• Of the 13 disclosed-price transactions, at least two involve condo units — 894 Main St. Unit 8 ($685,000) and 50 Tuttle St. Unit 12 ($344,000) — and one involves a trust purchasing via an LLC grantor (2 Longmeadow Drive). Four separate transfers recorded during the period show the same individuals appearing as both grantor and grantee in trustee form, consistent with estate-planning or trust-formation transfers rather than arm's-length sales; prices were not disclosed in those cases (68 Bennett St., 231 Lowell St., 13 Longbow Road, and 22 Davey Lane). The $2,220,000 Longmeadow Drive sale is a notable outlier that skews the price range considerably; without it, the remaining disclosed sales top out at $925,000. One deed entry lacked a street address entirely, limiting geographic analysis for that transaction.