Is Cashmere, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cashmere is a seller's market

Buyer's
Market

Difference Since August 2022

Since last year, Cashmere has remained a Seller's Market.

Key Takeaway

Cashmere is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Cashmere, WA cost?

Median Sold Price

$497,000

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$53,500(+12.1%)

Key Takeaway

Homes in Cashmere have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Cashmere was $497,000 in August 2023, up 12.1% from last year, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $162.7K-
N/A
2 $400K$363.5K
-9.1%
3 $465K$520K
+11.8%
4 $532K$565K
+6.2%
5+ -$865K
N/A

Summary: Cashmere housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.

Housing Supply

How many homes are available in Cashmere, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
2827-3.6%

Summary: The Cashmere real estate market had 27 homes for sale in August 2023, a 3.6% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 53
-40.0%
3 1718
+5.9%
4 54
-20.0%
5+ 12
+100.0%

Summary: The Cashmere housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
770.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cashmere, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Cashmere in August 2023, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
22 Days28 Days+24.4%

Summary: Homes in Cashmere had an average of 28 days on market in Aug 2023, up by 24.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cashmere are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 7 homes were sold in Cashmere; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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 25 Days Ago

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