Is Chewelah, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$340,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chewelah have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Chewelah was $340,000 in May 2024, up 4.6% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $270K | +170.0% |
| 2 Bedrooms | $252.5K | $249K | -1.4% |
| 3 Bedrooms | $335K | $400K | +19.4% |
| 4 Bedrooms | $324K | $327.5K | +1.1% |
| 5+ Bedrooms | $329K | $375K | +14.0% |
Summary: Chewelah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 170%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 14%.
Housing Supply in Chewelah, WA
How many homes are available in Chewelah, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Summary: The Chewelah real estate market had 30 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Chewelah housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chewelah, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Chewelah in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 15 Days | -45.6% |
Summary: Homes in Chewelah had an average of 15 days on market in May 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chewelah are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Chewelah; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS 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.