Is Methow Valley, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Methow Valley has remained a Buyer's Market.
Housing Prices in Methow Valley, WA
How much do homes in Methow Valley, WA cost?
Median Sold Price
$637,475
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Methow Valley was $637,475 in May 2024, up 4.6% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $472.4K | +8.6% |
2 Bedrooms | $725K | $637.4K | -12.1% |
3 Bedrooms | $570K | $705K | +23.7% |
4 Bedrooms | $615K | $562.2K | -8.6% |
5+ Bedrooms | - | $1.6M | N/A |
Summary: Methow Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Winthrop | $639K | $687.5K | +7.6% |
Methow Valley | $609.5K | $637.4K | +4.6% |
Housing Supply in Methow Valley, WA
How many homes are available in Methow Valley, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 66 | +43.5% |
Summary: The Methow Valley real estate market had 66 homes for sale in May 2024, a 43.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 17 | 24 | +41.2% |
3 Bedrooms | 21 | 27 | +28.6% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Methow Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Methow Valley in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Methow Valley, WA
How long does it take to sell a home in Methow Valley, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 74 Days | +834.4% |
Summary: Homes in Methow Valley had an average of 74 days on market in May 2024, up by 834.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Methow Valley; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.