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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wenatchee is a seller's market

Buyer's
Market

Difference Since December 2021

Since last year, Wenatchee has remained a Seller's Market.

Key Takeaway

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

How much do homes in Wenatchee, WA cost?

Median Sold Price

$459,983

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$39,983(+9.5%)

Key Takeaway

Homes in Wenatchee have sold for 9.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $183.9K$180K
-2.1%
2 $320K$335K
+4.7%
3 $420K$472K
+12.4%
4 $490K$520K
+6.1%
5+ $532.4K$611.4K
+14.8%

Median Sold Price Compared To Nearby Cities

Malaga
+41.1%
Wenatchee
+9.5%

How many homes are available in Wenatchee, WA?

Number of Homes For Sale

Nov 2022Dec 2022%
8566-22.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 1112
+9.1%
3 4432
-27.3%
4 2316
-30.4%
5+ 65
-16.7%

Number of Homes Sold

Nov 2022Dec 2022%
2420-16.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wenatchee, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
20 Days39 Days+90.8%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Wenatchee, WA

Homes for sale in Wenatchee, WA have reached 66. The number of listings in Wenatchee, WA decreased by 22.4% between November 2022 and December 2022. The median list price of listings available in December 2022 was $459,983, while the average time on the real estate market was 39 days. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 2.1%, prices of 2 bedrooms properties went up by 4.7%, prices of 3 bedrooms properties increased by 12.4%, 4 bedrooms properties became 6.1% more expensive, the cost of 5 bedrooms properties went up by 14.8%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory increased by 9.1%, 3 bedrooms homes became 27.3% less available, number of 4 bedrooms homes decreased by 30.4%, 5 bedrooms homes inventory decreased by 16.7%. While more than 4 listings in Wenatchee, WA in December 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 13 were sold below.

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