Is Ridgefield, WA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Ridgefield is a seller's market


Difference Since May 2023

At the same time last year, Ridgefield was a Neutral Market.

Key Takeaway

Ridgefield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ridgefield, WA

How much do homes in Ridgefield, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Ridgefield have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Ridgefield was $614,994 in May 2024, down 0.6% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$525K
2 $433.9K$411.9K
3 $525K$545K
4 $685K$659.9K
5+ $759.9K$800.4K

Summary: Ridgefield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 5.3%.

Housing Supply in Ridgefield, WA

How many homes are available in Ridgefield, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Ridgefield real estate market had 360 homes for sale in May 2024, a 8.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
2 37
3 158164
4 138155
5+ 3232

Summary: The Ridgefield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ridgefield, expect to pay close to the asking price. 55.7% of homes here sold near the asking price last month.

Summary: A total of 61 homes were sold or pending in Ridgefield in May 2024, up by 29.8% month-over-month. Of the 61 sold homes, 23% were sold under asking, 56% were sold at asking, and 21% 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

May 2023May 2024CHANGE
28 Days63 Days+119.6%

Summary: Homes in Ridgefield had an average of 63 days on market in May 2024, up by 119.6% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ridgefield are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 61 homes were sold in Ridgefield; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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