Is Wenatchee, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Wenatchee was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178.2K | $262.5K | +47.3% |
2 Bedrooms | $335K | $359K | +7.2% |
3 Bedrooms | $500K | $486.2K | -2.8% |
4 Bedrooms | $525K | $632K | +20.4% |
5+ Bedrooms | $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 | $465K | $499K | +7.3% |
Malaga | $579.5K | $550K | -5.1% |
Housing Supply in Wenatchee, WA
How many homes are available in Wenatchee, WA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
93 | 85 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 13 | 7 | -46.2% |
3 Bedrooms | 54 | 54 | 0.0% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 9 | 6 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
26 | 24 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
52 Days | 58 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
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.