Wakefield, VA Housing Market
The Wakefield housing market is most competitive. The median sale price of a home in Wakefield was $983K last month, up 19.2% since last year. The median sale price per square foot in Wakefield is $350, up 2.0% since last year.
Wakefield Housing Market Trends
In May 2024, Wakefield home prices were up 19.2% compared to last year, selling for a median price of $983K. On average, homes in Wakefield sell after 12 days on the market compared to 16 days last year. There were 9 homes sold in May this year, down from 14 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Wakefield housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 6 days.
- Hot homescan sell for about 6% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 6 days.
- Hot homescan sell for about 9% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 21 days.
- Hot homescan sell for about 7% above list price and go pending in around 5 days.
Wakefield Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Wakefield from outside metros.
- New York homebuyers searched to move into Wakefield more than any other metro followed by Hartford and Philadelphia.
- 82% of Wakefield homebuyers searched to stay within the Wakefield metropolitan area.
- Salisbury was the most popular destination among Wakefield homebuyers followed by Virginia Beach and Miami.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 3,424 | ||
2 | 2,343 | ||
3 | 726 | ||
4 | 287 | ||
5 | 21 | ||
6 | 21 | ||
7 | 16 | ||
8 | 10 | ||
9 | 9 | ||
10 | 8 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 4,451 | ||
2 | 2,549 | ||
3 | 1,831 | ||
4 | 1,559 | ||
5 | 1,508 | ||
6 | 1,373 | ||
7 | 1,342 | ||
8 | 1,280 | ||
9 | 914 | ||
10 | 877 |
View houses in Wakefield that sold recently
Recently sold homes
- $810,000 Last Sold Price4 beds2.5 baths1,440 sq ft5026 King Richard Dr, Annandale, VA 22003(703) 378-8810List Price$825,000Sale to List2% under listDays on Market55 days5026 King Richard Dr, Annandale, VA 22003
- $825,000 Last Sold Price5 beds3.5 baths3,190 sq ft8126 Briar Creek Dr, Annandale, VA 22003(703) 766-9800List Price$839,900Sale to List2% under listDays on Market76 days8126 Briar Creek Dr, Annandale, VA 22003
- $680,000 Last Sold Price3 beds3.5 baths2,067 sq ft5101 Kenside Ct, Annandale, VA 22003(703) 691-1400List Price$649,999Sale to List5% over listDays on Market21 days5101 Kenside Ct, Annandale, VA 22003
- $798,000 Last Sold Price4 beds2.5 baths2,471 sq ft8607 Canterbury Dr, Annandale, VA 22003(703) 359-7800List Price$798,000Sale to List0% over listDays on Market34 days8607 Canterbury Dr, Annandale, VA 22003
- $760,000 Last Sold Price4 beds3 baths1,176 sq ft5011 King Richard Dr, Annandale, VA 22003(866) 525-3466List Price$800,000Sale to List5% under listDays on Market30 days5011 King Richard Dr, Annandale, VA 22003
- $1,050,000 Last Sold Price5 beds3 baths3,169 sq ft4143 Elizabeth Ln, Annandale, VA 22003(703) 879-0505List Price$1,050,000Sale to List0% over listDays on Market28 days4143 Elizabeth Ln, Annandale, VA 22003
- $1,071,333 Last Sold Price4 beds3 baths2,377 sq ft4172 Elizabeth Ln, Annandale, VA 22003(703) 425-3582List Price$1,024,888Sale to List5% over listDays on Market40 days4172 Elizabeth Ln, Annandale, VA 22003
- $879,900 Last Sold Price5 beds3 baths2,585 sq ft8704 Braeburn Dr, Annandale, VA 22003(703) 449-7629List Price$879,900Sale to List0% over listDays on Market36 days8704 Braeburn Dr, Annandale, VA 22003
See all recently sold homes in Wakefield.
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Schools in Wakefield
- Elementary
- Middle
- High
GreatSchools Rating
7/10 Wakefield Forest Elementary School Public • PreK-6 | 632 Students | 18 reviews |
7/10 Canterbury Woods Elementary School Public • PreK-6 | 777 Students | 17 reviews |
Climate's impact on Wakefield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Wakefield.
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Wind likelihood over time
Heat Factor - Severe
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Transportation in Wakefield
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