Leavenworth Real Estate Update Summer 2025
After a quiet spring in Leavenworth with a limited number of home sales, the local real estate market staged a comeback this summer.
Signs of Stability After A Slow Start
Leavenworth home sales often mirror broader economic trends, particularly shifts in the stock market and consumer sentiment. As financial markets began to recover in May, local real estate activity followed suit — with a lag.
After only seven closings in May and five in June, a wave of contracts written in early summer led to 18 July closings, nearly as many as sold in April, May and June combined. Altogether, 45 homes sold during the third quarter, suggesting that buyers are re-engaging, though selectively.
Year-over-Year Perspective
Looking at the broader picture, the 2025 sales pace closely tracks 2024. Through September, 92 single-family homes have sold in Leavenworth, compared to 89 during the same period last year. Home values have remained relatively steady, with an average sale price of $919,000 and a median price of $795,000 during the summer months.
For now, prices appear to be holding firm — neither accelerating rapidly nor showing signs of significant decline.
Oversupply Keeps the Market in Buyers’ Hands
Despite the recent uptick in activity, Leavenworth remains a buyer’s market. Roughly 100 homes are currently listed for sale, representing a nine to ten-month supply based on recent absorption rates. (A six-month supply is typically considered balanced; fewer than that signals a seller’s market.)
This surplus of inventory gives buyers room to negotiate while encouraging sellers to price strategically and remain flexible.
Looking Ahead to Winter
As autumn turns to winter, the seasonal slowdown is likely to continue. Many sellers traditionally withdraw listings during the colder months, planning to re-enter the market in spring. Sales activity is expected to remain consistent with last year’s pace through the end of 2025.
While an anticipated improvement in interest rates may provide a modest boost, it’s unlikely to dramatically shift the market in the short term. For now, buyers can enjoy favorable conditions, and sellers should focus on presenting their homes competitively to stand out in a crowded field.
Required disclaimers:
Information and statistics derived from Northwest Multiple Listing Service. Additionally, this representation is based in whole or in part on data supplied by the North Central Washington Association of Realtors or its Multiple Listing Service. Neither the Association nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the Market.