Is Cle Elum, 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, Cle Elum was a Seller's Market.
Key Takeaway
Cle Elum is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cle Elum, WA
How much do homes in Cle Elum, WA cost?
Median Sold Price
$900,000
$471/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cle Elum have sold for 81.1% more than they did a year ago.
Summary: The median home sold price in Cle Elum was $900,000 in March 2024, up 81.1% from last year, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $775K | $380K | -51.0% |
| 2 Bedrooms | $389.5K | $630.2K | +61.8% |
| 3 Bedrooms | $450K | $742K | +64.9% |
| 4 Bedrooms | $628.3K | $1.6M | +156.6% |
| 5+ Bedrooms | $2.1M | $2.1M | -1.5% |
Summary: Cle Elum housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51%, 2 bedroom homes increased by 61.8%, 3 bedroom homes increased by 64.9%, 4 bedroom homes increased by 156.6%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in Cle Elum, WA
How many homes are available in Cle Elum, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 113 | +54.8% |
Summary: The Cle Elum real estate market had 113 homes for sale in March 2024, a 54.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 15 | +114.3% |
| 2 Bedrooms | 11 | 19 | +72.7% |
| 3 Bedrooms | 16 | 29 | +81.3% |
| 4 Bedrooms | 25 | 32 | +28.0% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Cle Elum housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 114.3%, 2 bedroom homes increased by 72.7%, 3 bedroom homes increased by 81.3%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 14 | +100.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cle Elum, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Cle Elum in March 2024, up by 100.0% month-over-month. Of the 14 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.
Days on Market for Cle Elum, WA
How long does it take to sell a home in Cle Elum, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 105 Days | +40.7% |
Summary: Homes in Cle Elum had an average of 105 days on market in Mar 2024, up by 40.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cle Elum are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 14 homes were sold in Cle Elum; 43% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 50% 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.