Is Chelan, 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, Chelan was a Seller's Market.
Housing Prices in Chelan, WA
How much do homes in Chelan, WA cost?
Median Sold Price
$615,000
$445/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chelan was $615,000 in May 2024, up 9.8% from last year, and the median price per square foot was $445.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $434K | +15.7% |
2 Bedrooms | $525K | $484.7K | -7.7% |
3 Bedrooms | $615K | $715K | +16.3% |
4 Bedrooms | $817K | $1.6M | +95.8% |
5+ Bedrooms | $1.5M | $625K | -58.3% |
Summary: Chelan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 95.8%, and 5+ bedroom homes decreased by 58.3%.
Housing Supply in Chelan, WA
How many homes are available in Chelan, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 130 | +36.8% |
Summary: The Chelan real estate market had 130 homes for sale in May 2024, a 36.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 19 | +46.2% |
2 Bedrooms | 29 | 32 | +10.3% |
3 Bedrooms | 32 | 45 | +40.6% |
4 Bedrooms | 18 | 26 | +44.4% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Chelan housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 40.6%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Chelan in May 2024, the same as the previous month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 42 Days | -18.5% |
Summary: Homes in Chelan had an average of 42 days on market in May 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Chelan; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.