Is Cle Elum, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cle Elum was a Seller's Market.
Key Takeaway
Cle Elum is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cle Elum, WA
How much do homes in Cle Elum, WA cost?
Median Sold Price
$900,000
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cle Elum have sold for 60.7% more than they did a year ago.
Summary: The median home sold price in Cle Elum was $900,000 in May 2024, up 60.7% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405K | $365K | -9.9% |
| 2 Bedrooms | $418K | $606K | +45.0% |
| 3 Bedrooms | $489K | $849K | +73.6% |
| 4 Bedrooms | $1.5M | $1.5M | +2.6% |
| 5+ Bedrooms | $2.1M | $2.1M | -1.2% |
Summary: Cle Elum housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.9%, 2 bedroom homes increased by 45%, 3 bedroom homes increased by 73.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Cle Elum | $559.9K | $900K | +60.7% |
| South Cle Elum | $385K | $384.7K | -0.1% |
Housing Supply in Cle Elum, WA
How many homes are available in Cle Elum, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 152 | 204 | +34.2% |
Summary: The Cle Elum real estate market had 204 homes for sale in May 2024, a 34.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 26 | +36.8% |
| 2 Bedrooms | 36 | 40 | +11.1% |
| 3 Bedrooms | 39 | 59 | +51.3% |
| 4 Bedrooms | 37 | 52 | +40.5% |
| 5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The Cle Elum housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 51.3%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 29 | +190.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cle Elum, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Cle Elum in May 2024, up by 190.0% month-over-month. Of the 29 sold homes, 59% were sold under asking, 31% were sold at asking, and 10% were sold over asking.
Days on Market for Cle Elum, WA
How long does it take to sell a home in Cle Elum, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 57 Days | +8.2% |
Summary: Homes in Cle Elum had an average of 57 days on market in May 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cle Elum are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Cle Elum; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.