$5,878 Closing Credit*
$495,000
2,161 SqFt
3 Beds
•1 Full Bath
Theresa Bennett Scheib, Listing Office: United Country RE - Patrick RE
Is Ephrata, 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, Ephrata has remained a Seller's Market.
Key Takeaway
Ephrata is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ephrata, WA
How much do homes in Ephrata, WA cost?
Median Sold Price
$340,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.6%)
Key Takeaway
Homes in Ephrata have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Ephrata was $340,000 in November 2024, up 4.6% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $279.5K | -37.9% |
| 2 Bedrooms | $217.2K | $229.5K | +5.7% |
| 3 Bedrooms | $326.2K | $334K | +2.4% |
| 4 Bedrooms | $424.9K | $425K | 0.0% |
| 5+ Bedrooms | $840K | $554.9K | -33.9% |
Summary: Ephrata housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 33.9%.
Median Sold Price Compared To Nearby Cities
| Ephrata | $325K | $340K | +4.6% |
| Ephrata-Soap Lake | $327.5K | $336.8K | +2.8% |
Housing Supply in Ephrata, WA
How many homes are available in Ephrata, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 71 | -2.7% |
Summary: The Ephrata real estate market had 71 homes for sale in November 2024, a 2.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 50 | 43 | -14.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Ephrata 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 20%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ephrata, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Ephrata in November 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 43% were sold at asking, and 7% were sold over asking.
Days on Market for Ephrata, WA
How long does it take to sell a home in Ephrata, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 79 Days | 70 Days | -10.9% |
Summary: Homes in Ephrata had an average of 70 days on market in Nov 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ephrata has remained consistent over time.
Summary: During November 2024, 14 homes were sold in Ephrata; 29% of homes were sold within 30 days, 36% 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.