The Wenatchee, WA metro area housing market in February 2025 presents a complex landscape with varying trends across key metrics. The Median Sales Price has experienced a significant decline, while other indicators show growth or stability.

The Median Sales Price in Wenatchee stands at $499,500, marking a substantial year-over-year decrease of 14.6%. This decline contrasts with the Median List Price, which is $499,000, showing a more modest decrease of 3.1% from the previous year. Despite the drop in sales prices, the median Price Per Square Foot has increased by 14.1% to $314.79, indicating a shift in buyer preferences towards smaller, more affordable properties. The Median List Price per square foot also saw a slight increase of 1.8%, reaching $307.62.

In terms of sales activity, the number of Homes Sold has risen by 21.4% year-over-year, with 85 Homes Sold in February 2025. However, Pending Sales have decreased by 5.3%, totaling 89. This suggests a potential slowdown in future sales activity. New Listings have also declined by 6.7%, with 83 new properties entering the market. Inventory levels have increased significantly by 26.9%, reaching 245 homes, which may contribute to the downward pressure on prices.

The Months of Supply, a measure of market balance, has increased by 10% to 2.9 months, indicating a shift towards a more balanced market. The Median Days on Market have risen by 6% to 67 days, suggesting that homes are taking longer to sell compared to the previous year.

The average sale to list ratio remains relatively stable at 98.6%, with a slight year-over-year increase of 0.2%. The percentage of Homes Sold above list price has risen by 3.6% to 16.5%, reflecting competitive bidding in certain segments of the market. Price Drops have decreased by 2.1%, with 15.5% of listings experiencing reductions. Additionally, 34.8% of homes went off the market within two weeks, a 4% increase from the previous year, indicating continued demand for well-priced properties.

Overall, the Wenatchee housing market in February 2025 is characterized by declining sales prices, increased inventory, and a rise in sales activity. Buyers and sellers should remain vigilant as the market continues to adjust to these evolving conditions.