Is Wakefield, VA 23888 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Wakefield is a buyer’s market. With about 7 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply7Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list92%Sold price ÷ list price
Median days on market62Listing to accepted offer
Median price per sq ft$172▲ +50.4% vs. last year

Nearby markets

Jarratt 23867Seller’s market $141 /sq ftStony Creek 23882Seller’s market $65 /sq ftWaverly 23890Balanced $170 /sq ftYale 23897 — /sq ft Browse all markets →

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology