Housing in Wakefield, VA

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$465,000

Median List Price

$180,000

Price Per Sq Ft

$229

Days on Market

56

Active Inventory

5

Months of Supply

5.0

Balanced market

Zillow Home Value

$200,403

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 49.8%List Price ↓ 79.8%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Off Market in 2 Weeks

0.0%

Sale-to-List Ratio

100.0%

Seller's market

Sold Above Asking
0.0%
Under Contract in 2 Wks
0.0%

Market Activity

Source: Redfin

Homes Sold

1

New Listings

1

Pending Sales

2

Homes Sold ↓ 85.7%New Listings ↓ 92.3%Pending ↓ 83.3%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$229

Median List $/SF

$121

Sale $/SF ↓ 43.5%List $/SF ↓ 62.5%Mar 24 → Jan 26

Wakefield vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. Wakefield is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$826,100

Median Rent

$3,501

Total Housing Units

3,765

Vacancy Rate

0.0%

Owner Occupied

92.1%

Renter Occupied

7.9%

Median Property Tax

$8,468

per year

Monthly Cost (w/ Mortgage)

$2,967

Housing Types

Single Family
99.1%
Multi-Family
0.3%
Mobile Home
0.6%

The current median sale price in Wakefield, VA is $465,000 according to Redfin data. Homes spend a median of 56 days on the market. 0.0% of homes sold above asking price. The market has 5.0 months of supply. The median price per square foot is $229. The median rent is $3,501 per month (Census ACS). About 92.1% of housing units are owner-occupied. The median year homes were built is 1968. There are 3,765 total housing units.