Is East Wenatchee, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$480,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Wenatchee have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in East Wenatchee was $480,000 in March 2024, up 7.1% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $315K | N/A |
| 2 Bedrooms | $355K | $402.5K | +13.4% |
| 3 Bedrooms | $425K | $469K | +10.4% |
| 4 Bedrooms | $533.5K | $612.5K | +14.8% |
| 5+ Bedrooms | $525K | $667.5K | +27.1% |
Summary: East Wenatchee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 27.1%.
Housing Supply in East Wenatchee, WA
How many homes are available in East Wenatchee, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 95 | 103 | +8.4% |
Summary: The East Wenatchee real estate market had 103 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 59 | 63 | +6.8% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The East Wenatchee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Wenatchee, expect to pay close to the asking price. 56.5% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in East Wenatchee in March 2024, up by 4.5% month-over-month. Of the 23 sold homes, 30% were sold under asking, 57% were sold at asking, and 13% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 42 Days | -21.1% |
Summary: Homes in East Wenatchee had an average of 42 days on market in Mar 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 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 March 2024, 23 homes were sold in East Wenatchee; 57% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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.