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Foreclosures in Wakefield, MI

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Wakefield, MI Foreclosures

Current Market Conditions in in Wakefield, MI As of February 2026?
In the past month, Wakefield's real estate market has demonstrated slight growth, with an uptick in inquiries and showings, indicating heightened interest in local properties. Sellers are becoming more confident, leading to a steady influx of new listings. While prices have remained stable, the demand has resulted in quicker sales times for well-priced homes, reflecting a healthy market dynamic.
How much do homes sell for in Wakefield, MI?
The average home price is currently $127,324.
In Wakefield, MI, how many homes are available?
There are currently 2 active home listings available in Wakefield.
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 $833,311.
What is currently the cheapest priced home in Wakefield, MI?
The cheapest home for sale in Wakefield is priced at $10,122.

Living in Wakefield, MI

Wakefield, Michigan is a charming small town nestled in the western part of the Upper Peninsula. It has a strong sense of community and boasts beautiful natural surroundings, including forests and nearby lakes. The area is known for its outdoor recreational activities, making it popular among nature enthusiasts and families alike.

Buyer vs Seller Market in Wakefield, MI

The real estate market in Wakefield, MI is experiencing a gradual but steady increase in home values as more individuals and families look to settle in this picturesque area. The demand for homes in rural settings has risen, making properties in Wakefield increasingly appealing due to the town's natural beauty and recreational opportunities.

There has been a notable shift towards remote working, which has prompted more homebuyers to consider smaller towns like Wakefield for their next home. As a result, the inventory is seeing a decrease, leading to competitive pricing for available homes.

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 $93,816.00. 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 $127,324.00, with the most expensive house in Wakefield, MI, topping out at $833,311.00 and the cheapest home in Wakefield, MI, clocking in at $10,122.00. 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 Foreclosures


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