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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ridgefield is a seller's market

Buyer'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

$614,994

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$3,633(-0.6%)

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
N/A
2 $433.9K$411.9K
-5.1%
3 $525K$545K
+3.8%
4 $685K$659.9K
-3.7%
5+ $759.9K$800.4K
+5.3%

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
332360+8.4%

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
+100.0%
2 37
+133.3%
3 158164
+3.8%
4 138155
+12.3%
5+ 3232
0.0%

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
4761+29.8%

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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