Is Leavenworth-Lake Wenatchee, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leavenworth-Lake Wenatchee is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Leavenworth-Lake Wenatchee was a Seller's Market.

Key Takeaway

Leavenworth-Lake Wenatchee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Leavenworth-Lake Wenatchee, WA

How much do homes in Leavenworth-Lake Wenatchee, WA cost?

Median Sold Price

$779,000

$445/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$131,000(+20.2%)

Key Takeaway

Homes in Leavenworth-Lake Wenatchee have sold for 20.2% more than they did a year ago.

Summary: The median home sold price in Leavenworth-Lake Wenatchee was $779,000 in November 2024, up 20.2% from last year, and the median price per square foot was $445.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $364.5K$525K
+44.0%
2 $558K$605K
+8.4%
3 $727K$847.5K
+16.6%
4 $943.1K$1.0M
+8.7%
5+ $1.0M$1.0M
+6.0%

Summary: Leavenworth-Lake Wenatchee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Leavenworth
+21.8%
Leavenworth-Lake Wenatchee
+20.2%
Snoqualmie Valley
+5.2%

Housing Supply in Leavenworth-Lake Wenatchee, WA

How many homes are available in Leavenworth-Lake Wenatchee, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9086-4.4%

Summary: The Leavenworth-Lake Wenatchee real estate market had 86 homes for sale in November 2024, a 4.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 76
-14.3%
2 3531
-11.4%
3 3940
+2.6%
4 45
+25.0%
5+ 54
-20.0%

Summary: The Leavenworth-Lake Wenatchee housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leavenworth-Lake Wenatchee, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Leavenworth-Lake Wenatchee in November 2024, up by 44.4% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.

Days on Market for Leavenworth-Lake Wenatchee, WA

How long does it take to sell a home in Leavenworth-Lake Wenatchee, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
95 Days110 Days+15.5%

Summary: Homes in Leavenworth-Lake Wenatchee had an average of 110 days on market in Nov 2024, up by 15.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Leavenworth-Lake Wenatchee are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 13 homes were sold in Leavenworth-Lake Wenatchee; 15% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 54% 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 17 Days Ago

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