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WAKEFIELD, VA 23888

Real Estate Market Report  ·  Sussex County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
10
vs 10 last year
Pending
2
20% pending ratio
Median Price
$435,000
⇧ 9.9% vs $395,875 last year
Average Price
$473,693
⇧ 14.2% vs $414,650 last year
Days on Market
95
⇩ 11.2% vs 107 days last year

Market Context

Population: 2,485  ·  Density: 11.1/mi²  ·  Median household income: $61,797

Typical home value: $173,838  ·  Homeownership: 67.1%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The WAKEFIELD, VA real estate market (23888) currently shows 10 active listings, with 2 pending sales. Homes are averaging 95 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 95 days on market compared to 107 days last year.

The median listing price has risen 9.9% year-over-year, from $395,875 to $435,000.

Whether you are buying or selling in WAKEFIELD, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 95 now vs 107 last year

Median & Average Pricing

Year over Year
  • Median: $435,000 (+9.9% YoY)
  • Average: $473,693 (+14.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.8 miles — 151 listings ($72,618,357 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23888Wakefield, VA 238880.0 mi10$4,736,930$435,000$473,693
23890Waverly, VA 238908.6 mi14$4,645,046$244,900$331,789
23839Dendron, VA 238399.8 mi8$3,746,856$432,500$468,357
23898Zuni, VA 2389811.0 mi1$325,000$325,000$325,000
23487Windsor, VA 2348715.8 mi14$7,634,130$527,490$545,295
23315Carrsville, VA 2331516.6 mi1$714,900$714,900$714,900
23430Smithfield, VA 2343017.5 mi52$30,522,024$499,900$586,962
23897Yale, VA 2389718.8 mi2$2,799,900$1,399,950$1,399,950
23829Capron, VA 2382920.5 mi3$579,990$155,000$193,330
23830Carson, VA 2383023.6 mi1$159,900$159,900$159,900
23882Stony Creek, VA 2388224.2 mi3$905,925$301,975$301,975
23314Carrollton, VA 2331424.4 mi38$15,095,956$342,000$397,262
23874Newsoms, VA 2387424.8 mi4$751,800$169,500$187,950

Frequently Asked Questions

How many homes are for sale in WAKEFIELD, VA 23888?

As of January 2026, there are 10 active listings in WAKEFIELD, VA (zip code 23888), compared to 10 the prior year.

What is the median home price in WAKEFIELD, VA 23888?

The median listing price in WAKEFIELD, VA 23888 is $435,000 as of January 2026, a 9.9% increase from $395,875 the prior year.

How long do homes stay on the market in WAKEFIELD, VA?

Homes in WAKEFIELD, VA 23888 spend an average of 95 days on the market before going under contract, compared to 107 days the prior year.

Is it a seller's or buyer's market in WAKEFIELD, VA 23888?

Based on current inventory and days-on-market data as of January 2026, WAKEFIELD, VA 23888 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 95 days on market compared to 107 days last year.

How much can I save on real estate commission in WAKEFIELD, VA?

With SELL123.com's maximum 3% commission, sellers in WAKEFIELD, VA 23888 save an estimated $8,700 compared to a typical 5% commission on the median listing price of $435,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.