Is East 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, East Wenatchee has remained a Seller's Market.
Key Takeaway
East Wenatchee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Wenatchee, WA
How much do homes in East Wenatchee, WA cost?
Median Sold Price
$490,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Wenatchee have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in East Wenatchee was $490,000 in May 2024, up 9.1% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $315K | N/A |
| 2 Bedrooms | $352.5K | $436.2K | +23.8% |
| 3 Bedrooms | $444.7K | $474.9K | +6.8% |
| 4 Bedrooms | $574.9K | $600K | +4.4% |
| 5+ Bedrooms | $522.5K | $747K | +43.0% |
Summary: East Wenatchee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 43%.
Housing Supply in East Wenatchee, WA
How many homes are available in East Wenatchee, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 125 | 155 | +24.0% |
Summary: The East Wenatchee real estate market had 155 homes for sale in May 2024, a 24.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 75 | 93 | +24.0% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The East Wenatchee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Wenatchee, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in East Wenatchee in May 2024, up by 2.9% month-over-month. Of the 35 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for East Wenatchee, WA
How long does it take to sell a home in East Wenatchee, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 33 Days | +14.3% |
Summary: Homes in East Wenatchee had an average of 33 days on market in May 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Wenatchee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in East Wenatchee; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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.