$10,000 Closing Credit*
$849,950
1,088 SqFt
3 Beds
•1 Full Bath
John Cowan, Listing Office: Windermere Real Estate Co.
Is Wedgewood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$1,065,000
$573/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$115,000(+12.1%)
Key Takeaway
Homes in Wedgewood have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Wedgewood was $1,065,000 in October 2024, up 12.1% from last year, and the median price per square foot was $573.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $365K | N/A |
| 2 Bedrooms | $670K | $770K | +14.9% |
| 3 Bedrooms | $950K | $975K | +2.6% |
| 4 Bedrooms | $1.1M | $1.2M | +8.7% |
| 5+ Bedrooms | $2.0M | $1.5M | -24.9% |
Summary: Wedgewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 8.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 50 | +11.1% |
Summary: The Wedgewood real estate market had 50 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Wedgewood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wedgewood, expect to pay close to the asking price. 53.8% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Wedgewood in October 2024, up by 160.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 54% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 20 Days | -18.7% |
Summary: Homes in Wedgewood had an average of 20 days on market in Oct 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wedgewood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Wedgewood; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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.