Is Wenatchee, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wenatchee has remained a Seller's Market.
Housing Prices in Wenatchee, WA
How much do homes in Wenatchee, WA cost?
Median Sold Price
$500,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wenatchee was $500,000 in May 2024, up 6.8% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $295K | +51.3% |
2 Bedrooms | $335K | $359K | +7.2% |
3 Bedrooms | $483.7K | $494.6K | +2.3% |
4 Bedrooms | $534.5K | $660K | +23.5% |
5+ Bedrooms | $575K | $682K | +18.6% |
Summary: Wenatchee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.3%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Malaga | $550K | $613K | +11.5% |
Wenatchee | $467.9K | $500K | +6.8% |
Housing Supply in Wenatchee, WA
How many homes are available in Wenatchee, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 156 | +30.0% |
Summary: The Wenatchee real estate market had 156 homes for sale in May 2024, a 30.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 19 | 28 | +47.4% |
3 Bedrooms | 57 | 73 | +28.1% |
4 Bedrooms | 32 | 40 | +25.0% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Wenatchee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 47.4%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 38 | +40.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Wenatchee in May 2024, up by 40.7% month-over-month. Of the 38 sold homes, 24% were sold under asking, 45% were sold at asking, and 32% were sold over asking.
Days on Market for Wenatchee, WA
How long does it take to sell a home in Wenatchee, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 28 Days | -41.4% |
Summary: Homes in Wenatchee had an average of 28 days on market in May 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Wenatchee; 76% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.