$10,000 Closing Credit*
$990,000
2,350 SqFt
3 Beds
•3 Full Baths
Jon Minerick, Listing Office: homecoin.com
Is Chelan, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Chelan was a Seller's Market.
Key Takeaway
Chelan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chelan, WA
How much do homes in Chelan, WA cost?
Median Sold Price
$743,000
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$173,050(+30.4%)
Key Takeaway
Homes in Chelan have sold for 30.4% more than they did a year ago.
Summary: The median home sold price in Chelan was $743,000 in October 2024, up 30.4% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $464.5K | $380K | -18.2% |
| 2 Bedrooms | $512K | $465K | -9.2% |
| 3 Bedrooms | $667.5K | $776K | +16.3% |
| 4 Bedrooms | $1.3M | $1.5M | +11.5% |
| 5+ Bedrooms | $1.5M | $1.6M | +12.3% |
Summary: Chelan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in Chelan, WA
How many homes are available in Chelan, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 111 | +1.8% |
Summary: The Chelan real estate market had 111 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 20 | +5.3% |
| 2 Bedrooms | 31 | 34 | +9.7% |
| 3 Bedrooms | 37 | 32 | -13.5% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Chelan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 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. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Chelan in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 89 Days | +34.0% |
Summary: Homes in Chelan had an average of 89 days on market in Oct 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Chelan are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 12 homes were sold in Chelan; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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.