Is Chelan, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Chelan was a Seller's Market.
Key Takeaway
Chelan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chelan, WA
How much do homes in Chelan, WA cost?
Median Sold Price
$599,475
$436/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chelan have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Chelan was $599,475 in March 2024, up 9.5% from last year, and the median price per square foot was $436.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $441K | +20.8% |
| 2 Bedrooms | $499K | $527.5K | +5.7% |
| 3 Bedrooms | $615K | $685K | +11.4% |
| 4 Bedrooms | $884.5K | $1.4M | +67.3% |
| 5+ Bedrooms | $1.5M | $625K | -58.3% |
Summary: Chelan housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 67.3%, and 5+ bedroom homes decreased by 58.3%.
Housing Supply in Chelan, WA
How many homes are available in Chelan, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 63 | +70.3% |
Summary: The Chelan real estate market had 63 homes for sale in March 2024, a 70.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 10 | +150.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 10 | 22 | +120.0% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Chelan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chelan, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Chelan in March 2024, up by 133.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chelan, WA
How long does it take to sell a home in Chelan, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 138 Days | +179.9% |
Summary: Homes in Chelan had an average of 138 days on market in Mar 2024, up by 179.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Chelan are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Chelan; 0% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 86% 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.