Is Ritzville, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ritzville is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Ritzville was a Seller's Market.

Key Takeaway

Ritzville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ritzville, WA

How much do homes in Ritzville, WA cost?

Median Sold Price

$253,500

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$17,500(-6.5%)

Key Takeaway

Homes in Ritzville have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in Ritzville was $253,500 in November 2024, down 6.5% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $142.5K-
N/A
2 $170K$183K
+7.6%
3 $320K$251.7K
-21.3%
4 $290K$290K
0.0%
5+ $640K$335K
-47.7%

Summary: Ritzville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 21.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 47.7%.

Housing Supply in Ritzville, WA

How many homes are available in Ritzville, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2022+10.0%

Summary: The Ritzville real estate market had 22 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1211
-8.3%
4 46
+50.0%
5+ 23
+50.0%

Summary: The Ritzville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ritzville, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Ritzville in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Ritzville, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
4 Days65 Days+1344.4%

Summary: Homes in Ritzville had an average of 65 days on market in Nov 2024, up by 1344.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ritzville has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Ritzville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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