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
Last month, Wakefield was a Seller's Market.
Housing Prices in Wakefield, VA
How much do homes in Wakefield, VA cost?
Median Sold Price
$160,000
$92/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Wakefield was $160,000 in April 2024, down 75.8% from last month, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $64.5K | - | N/A |
3 Bedrooms | $659.9K | $160K | -75.8% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $1.2M | - | N/A |
Summary: Wakefield housing prices by bedroom type for April 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 decreased by 75.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Wakefield, VA
How many homes are available in Wakefield, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Summary: The Wakefield real estate market had 20 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 15 | 11 | -26.7% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wakefield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 3 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Wakefield in April 2024, down by 62.5% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 36 Days | -35.5% |
Summary: Homes in Wakefield had an average of 36 days on market in Apr 2024, down by 35.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Wakefield; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.