Is Moses Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Moses Lake has remained a Seller's Market.
Housing Prices in Moses Lake, WA
How much do homes in Moses Lake, WA cost?
Median Sold Price
$345,786
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Moses Lake was $345,786 in May 2024, up 6.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $215K | +79.2% |
2 Bedrooms | $235K | $249.6K | +6.2% |
3 Bedrooms | $317.7K | $333.9K | +5.1% |
4 Bedrooms | $386.5K | $422.3K | +9.3% |
5+ Bedrooms | $499.4K | $482.4K | -3.4% |
Summary: Moses Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 79.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
Moses Lake | $324.9K | $345.7K | +6.4% |
Ephrata-Soap Lake | $324.7K | $330K | +1.6% |
Housing Supply in Moses Lake, WA
How many homes are available in Moses Lake, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
214 | 219 | +2.3% |
Summary: The Moses Lake real estate market had 219 homes for sale in May 2024, a 2.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 135 | 136 | +0.7% |
4 Bedrooms | 51 | 49 | -3.9% |
5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Moses Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 50 | +22.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Moses Lake in May 2024, up by 22.0% month-over-month. Of the 50 sold homes, 34% were sold under asking, 38% were sold at asking, and 28% were sold over asking.
Days on Market for Moses Lake, WA
How long does it take to sell a home in Moses Lake, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 35 Days | -25.0% |
Summary: Homes in Moses Lake had an average of 35 days on market in May 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 50 homes were sold in Moses Lake; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.