Is Chase Lake, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chase Lake is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Chase Lake has remained a Seller's Market.

Key Takeaway

Chase Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chase Lake, WA

How much do homes in Chase Lake, WA cost?

Median Sold Price

$855,000

$449/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$115,000(+15.5%)

Key Takeaway

Homes in Chase Lake have sold for 15.5% more than they did a year ago.

Summary: The median home sold price in Chase Lake was $855,000 in October 2024, up 15.5% from last year, and the median price per square foot was $449.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $302.9K-
N/A
2 $480K$610K
+27.1%
3 $710K$802.5K
+13.0%
4 $900K$985K
+9.4%
5+ $979.9K$1.3M
+37.8%

Summary: Chase Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.1%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 37.8%.

Housing Supply in Chase Lake, WA

How many homes are available in Chase Lake, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2425+4.2%

Summary: The Chase Lake real estate market had 25 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 31
-66.7%
2 48
+100.0%
3 1110
-9.1%
4 55
0.0%
5+ 11
0.0%

Summary: The Chase Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
770.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chase Lake, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Chase Lake in October 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Chase Lake, WA

How long does it take to sell a home in Chase Lake, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days43 Days+375.1%

Summary: Homes in Chase Lake had an average of 43 days on market in Oct 2024, up by 375.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chase Lake are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in Chase Lake; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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