Median price for a home in the Wenatchee area hits $440,000

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Home prices in the greater Wenatchee area continued their relentless upward march in October, with homes selling for a median price of $440,000, Pacific Appraisal Associated reported Friday.

That’s up $5,000 from September. A year ago, the median price for a home in the area was $368,500. That’s a 19 percent increase from October 2020 to October 2021.

The reporting area includes Wenatchee, East Wenatchee, Malaga, Orondo and Rock Island.

The total number of homes sold and the number on the market also showed increases.

In October, there were 111 homes sold, compared to 96 in September and 105 in October, 2020.

There are currently 96 homes on the market. That’s up 9 percent from September and 14 percent from a year ago.

Sellers are receiving 102 percent of the listing price for their homes, indicating that demand continues to exceed supply.