Is Ritzville, 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, Ritzville was a Seller's Market.
Housing Prices in Ritzville, WA
How much do homes in Ritzville, WA cost?
Median Sold Price
$290,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ritzville was $290,000 in May 2024, up 21.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $160K | +33.3% |
2 Bedrooms | $170.5K | $174K | +2.1% |
3 Bedrooms | $270K | $340K | +25.9% |
4 Bedrooms | $272K | $290K | +6.6% |
5+ Bedrooms | $640K | $500K | -21.9% |
Summary: Ritzville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 21.9%.
Housing Supply in Ritzville, WA
How many homes are available in Ritzville, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Summary: The Ritzville real estate market had 21 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 13 | 11 | -15.4% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ritzville 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 remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Ritzville in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Ritzville, WA
How long does it take to sell a home in Ritzville, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
86 Days | 86 Days | -0.1% |
Summary: Homes in Ritzville had an average of 86 days on market in May 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Ritzville; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.