Is Ridgefield, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Ridgefield was a Seller's Market.
Housing Prices in Ridgefield, WA
How much do homes in Ridgefield, WA cost?
Median Sold Price
$613,003
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Ridgefield was $613,003 in June 2024, down 0.6% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $435K | N/A |
2 Bedrooms | $432.9K | $427.1K | -1.3% |
3 Bedrooms | $510K | $545.5K | +7.0% |
4 Bedrooms | $684.3K | $659.9K | -3.6% |
5+ Bedrooms | $775K | $782.3K | +0.9% |
Summary: Ridgefield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in Ridgefield, WA
How many homes are available in Ridgefield, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
367 | 362 | -1.4% |
Summary: The Ridgefield real estate market had 362 homes for sale in June 2024, a 1.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 163 | 157 | -3.7% |
4 Bedrooms | 166 | 161 | -3.0% |
5+ Bedrooms | 29 | 34 | +17.2% |
Summary: The Ridgefield housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 17.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
75 | 60 | -20.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Ridgefield in June 2024, down by 20.0% month-over-month. Of the 60 sold homes, 40% were sold under asking, 47% were sold at asking, and 13% were sold over asking.
Days on Market for Ridgefield, WA
How long does it take to sell a home in Ridgefield, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
31 Days | 45 Days | +45.6% |
Summary: Homes in Ridgefield had an average of 45 days on market in Jun 2024, up by 45.6% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During June 2024, 60 homes were sold in Ridgefield; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.