Wakefield property statistics: Surveys show house prices continue to fall below the national average

A new study shows house prices have fallen for the fifth month in a row, with the cost of a home 0.6% lower in January 2023 compared to December 2022 – here’s an overview of how Wakefield compares.

By Kara McKune

Published 7th Feb 2023, 09:00 BST

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A survey by Nationwide Building Society found in January, the average price of a property reached £258,297, a decrease of almost £4,000 from December when the average price was £262,068.

Within Wakefield, properties had an overall average price of £211,472 over the last year, £46,000 below the UK average.

Data from Rightmove shows the majority of sales in Wakefield in 2022, were terraced properties, selling for an average of £158,247.

Properties in Wakefield had an overall average price of £211,472 over the last year.

Semi-detached properties sold for an average of £205,569, with detached properties fetching £393,843.

Throughout 2022, 313 properties were bought via Rightmove within Wakefield with the highest selling for £1 million and the lowest at £35k.

Overall, sold prices in Wakefield were 5% down on the previous year.

Wakefield Rightmove Data Nationwide Building Society