$10,000 Closing Credit*
$940,000
1,200 SqFt
2 Beds
•1 Bath
Alex Sadigh, Listing Office: Summit Properties NW LLC
Is Wedgewood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$1,035,000
$603/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$113,500(+12.3%)
Key Takeaway
Homes in Wedgewood have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Wedgewood was $1,035,000 in August 2024, up 12.3% from last year, and the median price per square foot was $603.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297.5K | $522.5K | +75.6% |
| 2 Bedrooms | $672.5K | $820K | +21.9% |
| 3 Bedrooms | $932K | $990K | +6.2% |
| 4 Bedrooms | $1.1M | $1.3M | +19.1% |
| 5+ Bedrooms | $1.5M | $1.6M | +4.7% |
Summary: Wedgewood housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.6%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Wedgewood | $921.5K | $1.0M | +12.3% |
| Pontiac | $960K | $985.5K | +2.7% |
| State Park | $1.1M | $1.1M | -1.8% |
Housing Supply in Wedgewood, WA
How many homes are available in Wedgewood, WA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 42 | 41 | -2.4% |
Summary: The Wedgewood real estate market had 41 homes for sale in August 2024, a 2.4% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Wedgewood housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wedgewood, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Wedgewood in August 2024, up by 50.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 23 Days | 29 Days | +29.0% |
Summary: Homes in Wedgewood had an average of 29 days on market in Aug 2024, up by 29% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 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 August 2024, 15 homes were sold in Wedgewood; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% 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.