Is Chewelah, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chewelah is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Chewelah was a Seller's Market.

Key Takeaway

Chewelah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chewelah, WA

How much do homes in Chewelah, WA cost?

Median Sold Price

$330,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$8,750(-2.6%)

Key Takeaway

Homes in Chewelah have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Chewelah was $330,000 in November 2024, down 2.6% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $185K$143.8K
-22.2%
2 $250K$265K
+6.0%
3 $403.7K$445K
+10.2%
4 $325K$420K
+29.2%
5+ $375K$449.9K
+20.0%

Summary: Chewelah housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 20%.

Housing Supply in Chewelah, WA

How many homes are available in Chewelah, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
20200.0%

Summary: The Chewelah real estate market had 20 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 119
-18.2%
4 56
+20.0%
5+ 00
0.0%

Summary: The Chewelah 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 increased by 25%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chewelah, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Chewelah in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chewelah, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days8 Days-82.7%

Summary: Homes in Chewelah had an average of 8 days on market in Nov 2024, down by 82.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Chewelah; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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