Wakefield, MI Housing Market

$107,289

8.6% 1-yr

The average Wakefield, MI home value is $107,289, up 8.6% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Wakefield Key Takeaways

Typical Home Values: $107,289

1-year Value Change: +8.6%

(Data through June 30, 2025)

Wakefield Housing Market Overview

--1-year Market Forecast

13For sale inventory(June 30, 2025)

5New listings(June 30, 2025)

--Median sale to list ratio

--Median sale price(May 31, 2025)

--Median list price(June 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Wakefield

NameMedian ZHVI
Lake Gogebic--
Painesdale--
Zeba--
Hurontown--
Three Lakes--
North Shore$352,805
Lakeside/Lester Park$319,833
Park Point$470,975
Riverview$283,515

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Wakefield Rental Market Trends

--Average rent in Wakefield

$2,069National average rent(June 30, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.