$2,351 Closing Credit*
$198,000
1,121 SqFt
2 Beds
•1 Full Bath
Julie A Garrett, Listing Office: Rappahannock Real Estate, LLC.
Is Wakefield, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Wakefield has remained a Seller's Market.
Key Takeaway
Wakefield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wakefield, VA
How much do homes in Wakefield, VA cost?
Median Sold Price
$724,950
$524/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$279,950(+62.9%)
Key Takeaway
Homes in Wakefield have sold for 62.9% more than they did a month ago.
Summary: The median home sold price in Wakefield was $724,950 in November 2024, up 62.9% from last month, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $329.7K | N/A |
| 2 Bedrooms | - | $1.0M | N/A |
| 3 Bedrooms | $365K | - | N/A |
| 4 Bedrooms | $730K | $399.9K | -45.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wakefield housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 45.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wakefield | $445K | $724.9K | +62.9% |
| Flint Hill | $730K | $1.0M | +43.8% |
| Chester Gap | $365K | $329.7K | -9.6% |
Housing Supply in Wakefield, VA
How many homes are available in Wakefield, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Wakefield real estate market had 26 homes for sale in November 2024, a 10.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wakefield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wakefield, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Wakefield in November 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Wakefield, VA
How long does it take to sell a home in Wakefield, VA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 39 Days | +291.8% |
Summary: Homes in Wakefield had an average of 39 days on market in Nov 2024, up by 291.8% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wakefield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Wakefield; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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