Leavenworth Market Update (January – March 2025)
Spring is heating up in the Wenatchee Valley real estate market! Whether you’re planning to buy, sell, or just want to stay informed, here’s everything you need to know about local trends this month.
Key Market Statistics
| 1st Quarter 2024 | 1st Quarter 2025 | Percentage Change | |
| Closed Sales | 24 | 29 | ⬆️21% |
| Median Sales Price | $577,500 | $675,000 | ⬆️17% |
| Average Sales Price | $815,583 | $852,093 | ⬆️4% |
| New Listings | 41 | 39 | ⬇️5% |
| Average Days on Market | 158 | 105 | ⬇️34% |
| Current Pendings | 10 | ||
| Active Listings | 50 |
Average home price rose to $852,093 to start 2025, which is up 4% from the first quarter of last year. New listings are down 5% from this time last year, however the listings we do have are selling 34% faster, and we’re up 21% in homes purhcased to start the year.
What does this mean…
For Buyers:
- Home prices continue to go up year over year, making it important to examine you’re cost of waiting
- So far this year, you’ve had fewer homes to choose from, and more competition buying them than last year
- Expect to see more listings this spring/summer season; however, expect the competition to be thick
For Sellers:
- Expect it to take 1 to 2 months to find a buyer to submit and offer on your home, escrow takes another 30-45 days
- Despite buyers having fewer options to look at, they have bought more homes than they did at the start of 2024
- We have qualified buyers that are out to make a deal this year, and they are purchasing earlier than normal