Is Ridgefield, 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, Ridgefield was a Seller's Market.
Key Takeaway
Ridgefield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ridgefield, WA
How much do homes in Ridgefield, WA cost?
Median Sold Price
$614,442
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ridgefield have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Ridgefield was $614,442 in March 2024, down 3.3% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $525K | N/A |
| 2 Bedrooms | $430K | $423K | -1.6% |
| 3 Bedrooms | $530K | $531.4K | 0.3% |
| 4 Bedrooms | $685K | $679.6K | -0.8% |
| 5+ Bedrooms | $757.5K | $788.4K | +4.1% |
Summary: Ridgefield 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 decreased by 1.6%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in Ridgefield, WA
How many homes are available in Ridgefield, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 347 | 375 | +8.1% |
Summary: The Ridgefield real estate market had 375 homes for sale in March 2024, a 8.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 153 | 170 | +11.1% |
| 4 Bedrooms | 153 | 168 | +9.8% |
| 5+ Bedrooms | 30 | 30 | 0.0% |
Summary: The Ridgefield 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 decreased by 40%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgefield, expect to pay close to the asking price. 55.8% of homes here sold near the asking price last month.
Summary: A total of 43 homes were sold or pending in Ridgefield in March 2024, up by 4.9% month-over-month. Of the 43 sold homes, 16% were sold under asking, 56% were sold at asking, and 28% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 80 Days | +46.9% |
Summary: Homes in Ridgefield had an average of 80 days on market in Mar 2024, up by 46.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ridgefield are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in Ridgefield; 51% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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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.