Is Ridgefield, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ridgefield was a Neutral Market.
Housing Prices in Ridgefield, WA
How much do homes in Ridgefield, WA cost?
Median Sold Price
$614,994
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ridgefield was $614,994 in May 2024, down 0.6% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $525K | N/A |
2 Bedrooms | $433.9K | $411.9K | -5.1% |
3 Bedrooms | $525K | $545K | +3.8% |
4 Bedrooms | $685K | $659.9K | -3.7% |
5+ Bedrooms | $759.9K | $800.4K | +5.3% |
Summary: Ridgefield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in Ridgefield, WA
How many homes are available in Ridgefield, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
332 | 360 | +8.4% |
Summary: The Ridgefield real estate market had 360 homes for sale in May 2024, a 8.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 7 | +133.3% |
3 Bedrooms | 158 | 164 | +3.8% |
4 Bedrooms | 138 | 155 | +12.3% |
5+ Bedrooms | 32 | 32 | 0.0% |
Summary: The Ridgefield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 61 | +29.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Ridgefield in May 2024, up by 29.8% month-over-month. Of the 61 sold homes, 23% were sold under asking, 56% were sold at asking, and 21% were sold over asking.
Days on Market for Ridgefield, WA
How long does it take to sell a home in Ridgefield, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 63 Days | +119.6% |
Summary: Homes in Ridgefield had an average of 63 days on market in May 2024, up by 119.6% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 61 homes were sold in Ridgefield; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.