Is Kittitas County, 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, Kittitas County was a Seller's Market.
Key Takeaway
Kittitas County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kittitas County, WA
How much do homes in Kittitas County, WA cost?
Median Sold Price
$528,097
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kittitas County have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Kittitas County was $528,097 in May 2024, down 2.6% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $420K | $365K | -13.1% |
| 2 Bedrooms | $450K | $462.5K | +2.8% |
| 3 Bedrooms | $515K | $507.5K | -1.5% |
| 4 Bedrooms | $640K | $609.9K | -4.7% |
| 5+ Bedrooms | $752.5K | $695K | -7.6% |
Summary: Kittitas County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 7.6%.
Median Sold Price Compared To Nearby Counties
| King County | $799.5K | $835.2K | +4.5% |
| Douglas County | $470K | $481.5K | +2.4% |
| Chelan County | $550K | $545.1K | -0.9% |
| Kittitas County | $542.4K | $528K | -2.6% |
Housing Supply in Kittitas County, WA
How many homes are available in Kittitas County, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 348 | 443 | +27.3% |
Summary: The Kittitas County real estate market had 443 homes for sale in May 2024, a 27.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 34 | +30.8% |
| 2 Bedrooms | 69 | 80 | +15.9% |
| 3 Bedrooms | 130 | 181 | +39.2% |
| 4 Bedrooms | 82 | 100 | +22.0% |
| 5+ Bedrooms | 41 | 48 | +17.1% |
Summary: The Kittitas County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 39.2%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 17.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 65 | +27.5% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kittitas County, you may be able to get a good deal. 44.6% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Kittitas County in May 2024, up by 27.5% month-over-month. Of the 65 sold homes, 45% were sold under asking, 38% were sold at asking, and 17% were sold over asking.
Days on Market for Kittitas County, WA
How long does it take to sell a home in Kittitas County, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 47 Days | -18.9% |
Summary: Homes in Kittitas County had an average of 47 days on market in May 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kittitas County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 65 homes were sold in Kittitas County; 68% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 18% 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.