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Condo Foreclosures in Wakefield, MI 49968

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Wakefield, MI Foreclosures

Current Market Conditions in in Wakefield, MI As of March 2026?
In the past month, Wakefield's real estate market has experienced an increase in activity, with more homes coming onto the market compared to previous months. This surge has created more options for buyers, while prices have remained relatively stable. The increase in inventory has been welcomed by potential homebuyers looking for affordable housing options in a picturesque setting. Sellers are motivated, but with current market conditions, pricing strategies are essential for standing out amidst competition.
How much do homes sell for in Wakefield, MI?
The average home price is currently $127,768.
What’s the average rental cost in Wakefield, MI?
The average rental price in Wakefield is $1,195.
What is the most expensive home in Wakefield?
The most expensive home sold in Wakefield had a price of $841,276.
What is currently the cheapest priced home in Wakefield, MI?
The cheapest home for sale in Wakefield is priced at $10,069.

Living in Wakefield, MI

Wakefield, MI, is a quaint town in the Upper Peninsula known for its beautiful natural landscapes and friendly atmosphere. With plentiful outdoor activities and local amenities, it offers a comfortable living environment. This charming community also boasts access to excellent outdoor recreational opportunities throughout the year.

Buyer vs Seller Market in Wakefield, MI

The real estate market in Wakefield is stable, with a mix of affordable homes appealing to first-time buyers and vacation properties for those seeking a second home. In recent months, the demand for homes has remained steady, with a gradual increase in listings as more buyers show interest in the beauty and tranquility of the area.

Prices have seen subtle increases over the past year, reflecting the growing interest in Wakefield as a desirable location for those seeking a retreat from urban environments.

Home Value Estimator For Wakefield, MI

There are currently 1,157 real estate properties in Wakefield, MI, with a median automated valuation model (AVM) price of $93,599.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wakefield, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wakefield, MI, is $127,768.00, with the most expensive house in Wakefield, MI, topping out at $841,276.00 and the cheapest home in Wakefield, MI, clocking in at $10,069.00. In other words, there’s something for every potential homebuyer or savvy investor in Wakefield, MI!

Rent Prices In Wakefield, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wakefield, MI, is on a rollercoaster ride. The average rent price in Wakefield, MI, is $1,195.00. Indeed, when looking to rent in Wakefield, MI, you can expect to pay as little as $540.00 or as much as $2,500.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Wakefield, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Wakefield, MI 49968 Condos


Market Trend for Wakefield, MI

Total Listings Available: 0

Market Values:

Home Prices from $10,069 to $841,276

Average Sales Price: $127,768

Rental Values:

Rental from $540 to $2,500

Average Rent Value: $1,195 / month

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