Is Cle Elum, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cle Elum is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Cle Elum, WA

How much do homes in Cle Elum, WA cost?

Median Sold Price

$814,950

$446/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,050(-1.2%)

Key Takeaway

Homes in Cle Elum have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Cle Elum was $814,950 in October 2024, down 1.2% from last year, and the median price per square foot was $446.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $390K$410K
+5.1%
2 $559.9K$550K
-1.8%
3 $625K$807.4K
+29.2%
4 $1.6M$1.5M
-8.1%
5+ $2.1M$2.1M
-3.8%

Summary: Cle Elum housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 29.2%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 3.8%.

Housing Supply in Cle Elum, WA

How many homes are available in Cle Elum, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
186197+5.9%

Summary: The Cle Elum real estate market had 197 homes for sale in October 2024, a 5.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1619
+18.8%
2 3942
+7.7%
3 5653
-5.4%
4 4850
+4.2%
5+ 2733
+22.2%

Summary: The Cle Elum housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1824+33.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cle Elum, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Cle Elum in October 2024, up by 33.3% month-over-month. Of the 24 sold homes, 67% were sold under asking, 21% were sold at asking, and 13% were sold over asking.

Days on Market for Cle Elum, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days79 Days0.5%

Summary: Homes in Cle Elum had an average of 79 days on market in Oct 2024, up by 0.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cle Elum are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 24 homes were sold in Cle Elum; 33% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 46% 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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