Your Wakefield Market Update 📍🗺️
👋 If you’re interested in the Wakefield property market, this is your October 2025 update
🏡 Homes for sale & new properties coming to market
October saw 2,519 homes for sale across Wakefield.
That’s virtually the same as the 2,541 this time last year, and well above the 1,432 we had in 2021.
So we’re looking at:
• A big market
• Lots of choice
• A level of supply that has stabilised just over the 2,500 mark for two years straight
This is what a balanced, mature market looks like at scale.
New listings are also incredibly steady.
494 homes came to market this October compared with 488 last year — almost identical.
And above the six-year average, so vendor confidence is clearly holding.
💷 Asking prices: remarkably steady
Here’s where Wakefield is very different to most markets right now.
The average asking price for new listings in October was £270,132, which is almost exactly the same as last year.
Less than a 0.2% difference.
But the price per square foot has nudged up from £252 to £257 — around 2% growth.
So overall asking prices are flat, but the value per unit of space has strengthened slightly.
That usually means:
• Smaller or more affordable homes are making up more of the new stock
• But the underlying value of space is holding firm
From September to October, headline asking prices dropped from £287,917 to £270,132, which reflects a shift in property mix rather than falling values.
📈 Sales agreed: strong momentum
October delivered 409 sales agreed — up from 381 last year and far above the six-year average.
Wakefield is one of Yorkshire’s busiest markets by volume.
Now the interesting bit:
Sales agreed averaged £236,035 at £242 per square foot.
That’s around 13% below new listing asking prices, which tells us:
• Buyers are negotiating
• Or the homes actually selling are smaller or more affordable
• Or a mix of both
Year on year, agreed prices are down 8% overall but stable per square foot.
Again — this shows a shift in transaction mix rather than a drop in underlying values.
🔧 Price changes, withdrawals & fall-throughs
October saw:
• 350 price changes — around 14% of stock adjusting their price
• 290 withdrawals — meaning many sellers stepped back after limited interest
• 95 fall-throughs — roughly 1 in 4 agreed sales breaking down, which is common at this scale but still something to prepare for
Wakefield is a big market. That means lots of movement, lots of competition, and pricing accuracy matters more than ever.
🧭 What it means for Buyers & Sellers
Buyers:
There is tons of choice.
You’ve got everything from sub-£100k terraces to £600k village homes.
Research per square foot values, be ready to move fast on good homes, and don’t assume the October averages reflect the full spread — Wakefield is extremely diverse.
Sellers:
The market is active and stable, but competition is intense.
Over 2,500 homes on the market means presentation, accuracy and marketing quality matter.
The 13% gap between asking and agreed shows buyers are price-sensitive.
Price to attract, not repel.
💬 Closing Thoughts
Overall, Wakefield’s October 2025 market is a story of scale, stability, and strong activity — not boom, not decline.
Just a big, busy, resilient market moving steadily.
If you want a breakdown for your specific area or a tailored pricing read on your home, I’m always happy to help.
