Wakefield Housing Market Report January 2025•Sussex County, Virginia

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Housing Prices in Wakefield, VA

How much do homes in Wakefield, VA cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$224,500$150/SqFt
-$32,450
-12.6%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Wakefield has decreased by 12.6% since last year.

Summary: The median home list price in Wakefield was $224,500 in January 2025, down 12.6% from the previous year, and the median price per square foot was $150.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$149.9K$181K
+20.7%
3$256.9K$199K
-22.6%
4$290.7K$399.9K
+37.5%
5$389.9K$606.4K
+55.5%

Summary: Wakefield housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +20.7%. The home price for 3 bedroom homes decreased by -22.6%. The home price for 4 bedroom homes increased by +37.5%. The home price for 5 bedroom homes increased by +55.5%.

Housing supply in Wakefield, VA

How many homes are available in Wakefield, VA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
12Last MonthJan 2025
122 months agoDec 2024
0.0 %
Change MoMDec – Jan

Summary: The Wakefield real estate market had 12 homes for sale in Jan 2025, the same as Dec 2024

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
222
0.0%
355
0.0%
422
0.0%
533
0.0%

Summary: Wakefield housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Days on Market for Wakefield, VA

How long does it take to sell a home in Wakefield, VA?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
109 DaysThis YearJan 2025
206 Days1 year agoJan 2024
-46.7 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Wakefield had an average listing age of 109 days in Jan 2025, down by 46.7% compared to the previous year.

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Newest Listings in Wakefield, VA

What homes are available in Wakefield, VA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Real Estate Information Network, for the period 02/01/2023 - 02/01/2025

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Last updated on: 2/2/2025, 1:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.