Is Chelan County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chelan County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Chelan County, WA

How much do homes in Chelan County, WA cost?

Median Sold Price

$539,975

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$14,525(-2.6%)

Key Takeaway

Homes in Chelan County have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Chelan County was $539,975 in March 2024, down 2.6% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $365K$357.5K
-2.1%
2 $444.5K$438.7K
-1.3%
3 $561.9K$535.6K
-4.7%
4 $705K$699.9K
-0.7%
5+ $715K$675K
-5.6%

Summary: Chelan County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Counties

Okanogan County
+7.4%
Douglas County
+1.1%
Kittitas County
-1.4%
Chelan County
-2.6%
Snohomish County
-2.6%

Housing Supply in Chelan County, WA

How many homes are available in Chelan County, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
209277+32.5%

Summary: The Chelan County real estate market had 277 homes for sale in March 2024, a 32.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1423
+64.3%
2 3453
+55.9%
3 101128
+26.7%
4 4152
+26.8%
5+ 1921
+10.5%

Summary: The Chelan County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 64.3%, 2 bedroom homes increased by 55.9%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4349+14.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chelan County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Chelan County in March 2024, up by 14.0% month-over-month. Of the 49 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Chelan County, WA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
56 Days85 Days+51.7%

Summary: Homes in Chelan County had an average of 85 days on market in Mar 2024, up by 51.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Chelan County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 49 homes were sold in Chelan County; 39% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 43% 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 24 Days Ago

Newest Listings in Chelan County, WA

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