Is Leavenworth-Lake Wenatchee, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Leavenworth-Lake Wenatchee was a Seller's Market.
Key Takeaway
Leavenworth-Lake Wenatchee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Leavenworth-Lake Wenatchee, WA
How much do homes in Leavenworth-Lake Wenatchee, WA cost?
Median Sold Price
$640,000
$450/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Leavenworth-Lake Wenatchee have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Leavenworth-Lake Wenatchee was $640,000 in May 2024, down 8.6% from last year, and the median price per square foot was $450.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $465K | $357.5K | -23.1% |
| 2 Bedrooms | $565K | $595K | +5.3% |
| 3 Bedrooms | $820.5K | $750K | -8.6% |
| 4 Bedrooms | $1.2M | $987.2K | -19.5% |
| 5+ Bedrooms | $853K | $1.2M | +49.5% |
Summary: Leavenworth-Lake Wenatchee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes increased by 49.5%.
Median Sold Price Compared To Nearby Cities
| Snoqualmie Valley | $951.2K | $950K | -0.1% |
| Leavenworth | $652.5K | $640K | -1.9% |
| Leavenworth-Lake Wenatchee | $700K | $640K | -8.6% |
Housing Supply in Leavenworth-Lake Wenatchee, WA
How many homes are available in Leavenworth-Lake Wenatchee, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 108 | +31.7% |
Summary: The Leavenworth-Lake Wenatchee real estate market had 108 homes for sale in May 2024, a 31.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 17 | 28 | +64.7% |
| 3 Bedrooms | 35 | 41 | +17.1% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Leavenworth-Lake Wenatchee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 64.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 17 | +112.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leavenworth-Lake Wenatchee, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Leavenworth-Lake Wenatchee in May 2024, up by 112.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% were sold over asking.
Days on Market for Leavenworth-Lake Wenatchee, WA
How long does it take to sell a home in Leavenworth-Lake Wenatchee, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 78 Days | 62 Days | -21.0% |
Summary: Homes in Leavenworth-Lake Wenatchee had an average of 62 days on market in May 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leavenworth-Lake Wenatchee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Leavenworth-Lake Wenatchee; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% 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.