Wakefield, VA Housing Market
The Wakefield housing market is very competitive. The median sale price of a home in Wakefield was $926K last month, up 17.2% since last year. The median sale price per square foot in Wakefield is $405, up 22.2% since last year.
Wakefield Housing Market Trends
In March 2024, Wakefield home prices were up 17.2% compared to last year, selling for a median price of $926K. On average, homes in Wakefield sell after 5 days on the market compared to 6 days last year. There were 7 homes sold in March this year, down from 8 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 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 23 days.
- Hot homescan sell for about 2% above list price and go pending in around 4 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 4% above list price and go pending in around 6 days.
- Hot homescan sell for about 8% 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 14 days.
- Hot homescan sell for about 6% above list price and go pending in around 4 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 Atlanta and Hartford.
- 81% 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 | Jan '24 - Mar '24 | ||
1 | 3,185 | ||
2 | 1,376 | ||
3 | 525 | ||
4 | 384 | ||
5 | 26 | ||
6 | 13 | ||
7 | 11 | ||
8 | 10 | ||
9 | 5 | ||
10 | 5 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 4,584 | ||
2 | 2,396 | ||
3 | 2,070 | ||
4 | 1,555 | ||
5 | 1,496 | ||
6 | 1,356 | ||
7 | 1,298 | ||
8 | 1,266 | ||
9 | 982 | ||
10 | 808 |
Home offer insights for Wakefield
Recent offers
View houses in Wakefield that sold recently
Recently sold homes
- $840,000 Last Sold Price3 beds2.5 baths2,090 sq ft4209 Saint Jerome Dr, Annandale, VA 22003(703) 642-3380List Price$839,950Sale to List0% over listDays on Market26 days4209 Saint Jerome Dr, Annandale, VA 22003
- $960,000 Last Sold Price4 beds3.5 baths3,072 sq ft4921 Tarheel Way, Annandale, VA 22003(703) 378-8810List Price$960,000Sale to List0% over listDays on Market66 days4921 Tarheel Way, Annandale, VA 22003
- $850,000 Last Sold Price4 beds3.5 baths1,779 sq ft8912 Karver Ln, Annandale, VA 22003(703) 229-8935List Price$789,000Sale to List8% over listDays on Market18 days8912 Karver Ln, Annandale, VA 22003
- $1,660,000 Last Sold Price6 beds6.5 baths5,658 sq ft4001 Lee Pl, Annandale, VA 22003(571) 386-1075List Price$1,724,500Sale to List4% under listDays on Market162 days4001 Lee Pl, Annandale, VA 22003
- $990,000 Last Sold Price5 beds3 baths2,342 sq ft8313 Briar Creek Dr, Annandale, VA 22003(703) 378-8810List Price$969,900Sale to List2% over listDays on Market36 days8313 Briar Creek Dr, Annandale, VA 22003
- $932,000 Last Sold Price4 beds2.5 baths2,547 sq ft8803 Willowridge Ln, Annandale, VA 22003(703) 790-1990List Price$890,000Sale to List5% over listDays on Market27 days8803 Willowridge Ln, Annandale, VA 22003
- $955,000 Last Sold Price4 beds3 baths2,863 sq ft8420 Georgian Way, Annandale, VA 22003(703) 636-7300List Price$925,000Sale to List3% over listDays on Market24 days8420 Georgian Way, Annandale, VA 22003
- $1,050,000 Last Sold Price4 beds2.5 baths2,223 sq ft4620 Quarter Charge Dr, Annandale, VA 22003(703) 533-1500List Price$1,050,000Sale to List0% over listDays on Market0 days4620 Quarter Charge 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 | 670 Students | 17 reviews |
7/10 Canterbury Woods Elementary School Public • PreK-6 | 787 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.
Flood Factor - Major
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Fire Factor - Moderate
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Wind Factor - Moderate
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Wind likelihood over time
Heat Factor - Severe
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Transportation in Wakefield
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