Is Ridgefield Junction, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ridgefield Junction was a Seller's Market.
Key Takeaway
Ridgefield Junction is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ridgefield Junction, WA
How much do homes in Ridgefield Junction, WA cost?
Median Sold Price
$605,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ridgefield Junction have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Ridgefield Junction was $605,000 in April 2024, down 6.9% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $457K | $399.9K | -12.5% |
| 3 Bedrooms | $525K | $486K | -7.4% |
| 4 Bedrooms | $694K | $650K | -6.3% |
| 5+ Bedrooms | $709K | $777.7K | +9.7% |
Summary: Ridgefield Junction housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in Ridgefield Junction, WA
How many homes are available in Ridgefield Junction, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 137 | 130 | -5.1% |
Summary: The Ridgefield Junction real estate market had 130 homes for sale in April 2024, a 5.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 74 | 64 | -13.5% |
| 4 Bedrooms | 55 | 55 | 0.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Ridgefield Junction housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgefield Junction, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Ridgefield Junction in April 2024, up by 5.3% month-over-month. Of the 20 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Ridgefield Junction, WA
How long does it take to sell a home in Ridgefield Junction, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 110 Days | +368.2% |
Summary: Homes in Ridgefield Junction had an average of 110 days on market in Apr 2024, up by 368.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ridgefield Junction are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 20 homes were sold in Ridgefield Junction; 35% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 45% 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.