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WAKEFIELD, VA 23888

Real Estate Market Report  ·  Sussex County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WAKEFIELD, VA real estate market (23888) currently shows 10 active listings, with 2 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 45 days on market compared to 93 days last year.

The median listing price has risen 48% year-over-year, from $317,500 to $469,950.

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 Context

Market Context

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

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

Market Overview

Active Listings
10
⇩ 28.6% vs 14 last year
Pending
2
20% pending ratio
Median Price
$469,950
⇧ 48% vs $317,500 last year
Average Price
$481,921
⇧ 38.1% vs $348,993 last year
Days on Market
45
⇩ 51.6% vs 93 days last year

Price Per Square Foot

Median $/sqft
$208
⇧ 29.2% vs $161/sqft last year
Median Home Size
2,086 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 14 last year
  • Days on market: 45 now vs 93 last year

Median & Average Pricing

Year over Year
  • Median: $469,950 (+48% YoY)
  • Average: $481,921 (+38.1% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.8 miles — 169 listings ($84,126,425 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
23888Wakefield, VA 238880.0 mi10$4,630,700$389,950$463,070
23890Waverly, VA 238908.6 mi14$4,329,220$217,675$309,230
23839Dendron, VA 238399.8 mi7$3,056,403$449,900$436,629
23898Zuni, VA 2389811.0 mi1$511,243$511,243$511,243
23487Windsor, VA 2348715.8 mi16$8,528,704$521,243$533,044
23315Carrsville, VA 2331516.6 mi1$714,900$714,900$714,900
23430Smithfield, VA 2343017.5 mi69$41,186,790$571,240$596,910
23897Yale, VA 2389718.8 mi2$2,799,900$1,399,950$1,399,950
23829Capron, VA 2382920.5 mi2$576,658$314,993$288,329
23830Carson, VA 2383023.6 mi1$154,900$154,900$154,900
23882Stony Creek, VA 2388224.2 mi4$1,109,908$290,488$277,477
23314Carrollton, VA 2331424.4 mi37$14,962,134$342,718$404,382
23874Newsoms, VA 2387424.8 mi5$1,564,965$256,175$312,993

Frequently Asked Questions

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

As of March 2026, there are 10 active listings in WAKEFIELD, VA (zip code 23888), compared to 14 the prior year.

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

The median listing price in WAKEFIELD, VA 23888 is $469,950 as of March 2026, a 48% increase from $317,500 the prior year.

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

Homes in WAKEFIELD, VA 23888 spend an average of 45 days on the market before going under contract, compared to 93 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 March 2026, WAKEFIELD, VA 23888 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 45 days on market compared to 93 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 $9,399 compared to a typical 5% commission on the median listing price of $469,950. 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.