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 March 2023
At the same time last year, Leavenworth-Lake Wenatchee was a Neutral Market.
Key Takeaway
Leavenworth-Lake Wenatchee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Leavenworth-Lake Wenatchee, WA
How much do homes in Leavenworth-Lake Wenatchee, WA cost?
Median Sold Price
$640,000
$463/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Leavenworth-Lake Wenatchee have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in Leavenworth-Lake Wenatchee was $640,000 in March 2024, down 9.9% from last year, and the median price per square foot was $463.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $465K | $359K | -22.8% |
| 2 Bedrooms | $584.5K | $540K | -7.6% |
| 3 Bedrooms | $850K | $778.5K | -8.4% |
| 4 Bedrooms | $1.2M | $987.2K | -19.5% |
| 5+ Bedrooms | $859K | $1.5M | +77.5% |
Summary: Leavenworth-Lake Wenatchee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.8%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes increased by 77.5%.
Median Sold Price Compared To Nearby Cities
| Leavenworth | $648K | $640K | -1.2% |
| Snoqualmie Valley | $1.0M | $940.3K | -8.4% |
| Leavenworth-Lake Wenatchee | $710K | $640K | -9.9% |
Housing Supply in Leavenworth-Lake Wenatchee, WA
How many homes are available in Leavenworth-Lake Wenatchee, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 60 | +39.5% |
Summary: The Leavenworth-Lake Wenatchee real estate market had 60 homes for sale in March 2024, a 39.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 16 | 23 | +43.8% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Leavenworth-Lake Wenatchee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 43.8%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Leavenworth-Lake Wenatchee, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Leavenworth-Lake Wenatchee in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 105 Days | 118 Days | +11.8% |
Summary: Homes in Leavenworth-Lake Wenatchee had an average of 118 days on market in Mar 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Leavenworth-Lake Wenatchee has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Leavenworth-Lake Wenatchee; 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.
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.