$4,334 Closing Credit*
$365,000
2,082 SqFt
4 Beds
•1 Full Bath
Staci Faw, Listing Office: WindermereRE/Central Basin LLC
Is Ephrata, 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, Ephrata was a Seller's Market.
Key Takeaway
Ephrata is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ephrata, WA
How much do homes in Ephrata, WA cost?
Median Sold Price
$339,500
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,500(+4.5%)
Key Takeaway
Homes in Ephrata have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Ephrata was $339,500 in October 2024, up 4.5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $279.5K | -37.9% |
| 2 Bedrooms | $215K | $227K | +5.6% |
| 3 Bedrooms | $325K | $334K | +2.8% |
| 4 Bedrooms | $414.9K | $418.5K | +0.9% |
| 5+ Bedrooms | $531K | $554.9K | +4.5% |
Summary: Ephrata housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.9%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Ephrata | $325K | $339.5K | +4.5% |
| Ephrata-Soap Lake | $325K | $334.9K | +3.0% |
Housing Supply in Ephrata, WA
How many homes are available in Ephrata, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 73 | -2.7% |
Summary: The Ephrata real estate market had 73 homes for sale in October 2024, a 2.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 55 | 50 | -9.1% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Ephrata housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ephrata, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Ephrata in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 33 Days | -55.2% |
Summary: Homes in Ephrata had an average of 33 days on market in Oct 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ephrata are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Ephrata; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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.