Is Chambers Lake Basin, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chambers Lake Basin has remained a Seller's Market.
Key Takeaway
Chambers Lake Basin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chambers Lake Basin, WA
How much do homes in Chambers Lake Basin, WA cost?
Median Sold Price
$579,500
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chambers Lake Basin have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Chambers Lake Basin was $579,500 in April 2024, up 5.4% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | $315.5K | -5.8% |
| 3 Bedrooms | $515K | $559.9K | +8.7% |
| 4 Bedrooms | $625K | $627K | 0.3% |
| 5+ Bedrooms | $710K | $663K | -6.6% |
Summary: Chambers Lake Basin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in Chambers Lake Basin, WA
How many homes are available in Chambers Lake Basin, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Chambers Lake Basin real estate market had 37 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Chambers Lake Basin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 58.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chambers Lake Basin, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Chambers Lake Basin in April 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Chambers Lake Basin, WA
How long does it take to sell a home in Chambers Lake Basin, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 19 Days | -35.7% |
Summary: Homes in Chambers Lake Basin had an average of 19 days on market in Apr 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chambers Lake Basin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Chambers Lake Basin; 67% of homes were sold within 30 days, 33% 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.