Is East Wenatchee, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Wenatchee is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, East Wenatchee has remained a Seller's Market.

Key Takeaway

East Wenatchee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Wenatchee, WA

How much do homes in East Wenatchee, WA cost?

Median Sold Price

$505,002

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,052(+8.6%)

Key Takeaway

Homes in East Wenatchee have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in East Wenatchee was $505,002 in October 2024, up 8.6% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $413.1K$265K
-35.9%
2 $377K$416K
+10.3%
3 $458.2K$489.9K
+6.9%
4 $592.4K$630K
+6.3%
5+ $700K$769K
+9.9%

Summary: East Wenatchee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.9%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 9.9%.

Housing Supply in East Wenatchee, WA

How many homes are available in East Wenatchee, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
170172+1.2%

Summary: The East Wenatchee real estate market had 172 homes for sale in October 2024, a 1.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1312
-7.7%
3 10196
-5.0%
4 3945
+15.4%
5+ 1618
+12.5%

Summary: The East Wenatchee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3242+31.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Wenatchee, you could pay more than the asking price. 35.7% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in East Wenatchee in October 2024, up by 31.3% month-over-month. Of the 42 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% were sold over asking.

Days on Market for East Wenatchee, WA

How long does it take to sell a home in East Wenatchee, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days40 Days-6.4%

Summary: Homes in East Wenatchee had an average of 40 days on market in Oct 2024, down by 6.4% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Wenatchee are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 42 homes were sold in East Wenatchee; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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