$8,253 Closing Credit*
$695,000
2,954 SqFt
4 Beds
•3 Full Baths
Arturo Zavala, Listing Office: Windermere RE/Lake Chelan
Is Chelan, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chelan has remained a Neutral Market.
Key Takeaway
Chelan 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 Chelan, WA
How much do homes in Chelan, WA cost?
Median Sold Price
$734,000
$431/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$174,000(+31.1%)
Key Takeaway
Homes in Chelan have sold for 31.1% more than they did a year ago.
Summary: The median home sold price in Chelan was $734,000 in November 2024, up 31.1% from last year, and the median price per square foot was $431.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $440K | $393K | -10.7% |
| 2 Bedrooms | $499K | $449K | -10.0% |
| 3 Bedrooms | $650K | $776K | +19.4% |
| 4 Bedrooms | $1.4M | $1.4M | +1.6% |
| 5+ Bedrooms | - | $1.9M | N/A |
Summary: Chelan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Housing Supply in Chelan, WA
How many homes are available in Chelan, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 85 | -10.5% |
Summary: The Chelan real estate market had 85 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 16 | 0.0% |
| 2 Bedrooms | 30 | 29 | -3.3% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Chelan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelan, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Chelan in November 2024, up by 16.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Chelan, WA
How long does it take to sell a home in Chelan, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 68 Days | +62.1% |
Summary: Homes in Chelan had an average of 68 days on market in Nov 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chelan are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Chelan; 57% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 36% 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.