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Featured local agent — Wakeman, OH
Sarah Mitchell
Compass Real Estate · Wakeman, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wakeman, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$242,250median sale price
How is the Wakeman, OH housing market right now?
The median home sale price in Wakeman, OH is $242,250, up 707.5% year-over-year. Homes sell in an average of 136 days with 3 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wakeman a buyer's or seller's market?
Wakeman, OH is currently a balanced market, based on 1.5 months of supply and homes selling in about 136 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
136
Average pace
Active listings
3
1.5 months supply
Sale-to-list
89.2%
Below asking
What does the Wakeman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $242,250 |
| Median list price | $399,900 |
| Year-over-year price change | +707.5% |
| Average days on market | 136 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 89.2% |
| Median price per sq ft | $147/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Wakeman by property type?
How the Wakeman, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $242,250 | $147/sq ft | 2 | 136 days |
Source: Redfin · Updated monthly
The Wakeman housing market is currently classified as a balanced market with a median sale price of $242,250. Prices have risen 707.5% compared to last year, with homes spending an average of 136 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Wakeman
There are currently 3 homes listed for sale in Wakeman, Ohio. The median listing price is $400K.
Active listings
3
Homes on market
Median list price
$400K
Avg. days on market
136
Days until sale
New this week
1
Newly listed
Who lives in Wakeman?
Population
1,100
Median income
$70,393/yr
Median age
30.6 years
Owner-occupied
74.9%
College grads
10.6%
Avg commute
27.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Wakeman?
Zillow home value
$286,283
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Wakeman?
Wakeman is a community of approximately 1K residents with a median age of 30.6 years.The median household income is $70,393, which represents a working-class community with solid middle-income opportunities. 10.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wakeman offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Wakeman, OH?
Want a head-to-head view? Compare Wakeman side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wakeman?
The median home sale price in Wakeman is $242,250, up 707.5% from last year.
How long do homes stay on market in Wakeman?
Homes typically spend 136 days on market before going under contract.
What is the median income in Wakeman?
The median household income is $70,393 per year.
Is Wakeman a buyer's or seller's market?
With 1.5 months of supply, Wakeman is currently a balanced market.
What is the Zillow home value estimate for Wakeman?
The Zillow Home Value Index (ZHVI) for Wakeman is $286,283, representing the typical home value in the area.
How much does a single-family home cost in Wakeman?
The median single-family home price in Wakeman, OH is $242,250 (about $147 per square foot).
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