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 February 2023

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

Key Takeaway

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

Housing Prices in Wenatchee, WA

How much do homes in Wenatchee, WA cost?

Median Sold Price

$499,000

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$34,000(+7.3%)

Key Takeaway

Homes in Wenatchee have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Wenatchee was $499,000 in February 2024, up 7.3% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $178.2K$262.5K
+47.3%
2 $335K$359K
+7.2%
3 $500K$486.2K
-2.8%
4 $525K$632K
+20.4%
5+ $593.2K$692K
+16.7%

Summary: Wenatchee housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.3%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 16.7%.

Median Sold Price Compared To Nearby Cities

Wenatchee
+7.3%
Malaga
-5.1%

Housing Supply in Wenatchee, WA

How many homes are available in Wenatchee, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9385-8.6%

Summary: The Wenatchee real estate market had 85 homes for sale in February 2024, a 8.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 137
-46.2%
3 5454
0.0%
4 1415
+7.1%
5+ 96
-33.3%

Summary: The Wenatchee housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 46.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2624-7.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Wenatchee in February 2024, down by 7.7% month-over-month. Of the 24 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.

Days on Market for Wenatchee, WA

How long does it take to sell a home in Wenatchee, WA?

Average Sale Time

Feb 2023Feb 2024CHANGE
52 Days58 Days+10.2%

Summary: Homes in Wenatchee had an average of 58 days on market in Feb 2024, up by 10.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 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.

Summary: During February 2024, 24 homes were sold in Wenatchee; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% 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 27 Days Ago

Newest Listings in Wenatchee, WA

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