$10,000 Closing Credit*
$1,350,000
2,280 SqFt
6 Beds
•2 Full Baths
Lauren Alvarez, Listing Office: KW Mountains to Sound Realty
Is Wedgewood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Wedgewood has remained a Seller's Market.
Key Takeaway
Wedgewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wedgewood, WA
How much do homes in Wedgewood, WA cost?
Median Sold Price
$1,035,500
$581/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$85,500(+9.0%)
Key Takeaway
Homes in Wedgewood have sold for 9% more than they did a year ago.
Summary: The median home sold price in Wedgewood was $1,035,500 in November 2024, up 9% from last year, and the median price per square foot was $581.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $365K | N/A |
| 2 Bedrooms | $660K | $770K | +16.7% |
| 3 Bedrooms | $950K | $975K | +2.6% |
| 4 Bedrooms | $1.3M | $1.2M | -6.5% |
| 5+ Bedrooms | $2.0M | $1.5M | -24.9% |
Summary: Wedgewood 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 16.7%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 24.9%.
Housing Supply in Wedgewood, WA
How many homes are available in Wedgewood, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Summary: The Wedgewood real estate market had 41 homes for sale in November 2024, a 8.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Wedgewood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wedgewood, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Wedgewood in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Wedgewood, WA
How long does it take to sell a home in Wedgewood, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 21 Days | -62.3% |
Summary: Homes in Wedgewood had an average of 21 days on market in Nov 2024, down by 62.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wedgewood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Wedgewood; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.