Is Cle Elum, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cle Elum is a buyer's market

Buyer's
Market

Difference Since May 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

$473/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$340,025(+60.7%)

Key Takeaway

Homes in Cle Elum have sold for 60.7% more than they did a year ago.

Summary: The median home sold price in Cle Elum was $900,000 in May 2024, up 60.7% from last year, and the median price per square foot was $473.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $405K$365K
-9.9%
2 $418K$606K
+45.0%
3 $489K$849K
+73.6%
4 $1.5M$1.5M
+2.6%
5+ $2.1M$2.1M
-1.2%

Summary: Cle Elum housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.9%, 2 bedroom homes increased by 45%, 3 bedroom homes increased by 73.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Cities

Cle Elum
+60.7%
South Cle Elum
-0.1%

Housing Supply in Cle Elum, WA

How many homes are available in Cle Elum, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
152204+34.2%

Summary: The Cle Elum real estate market had 204 homes for sale in May 2024, a 34.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1926
+36.8%
2 3640
+11.1%
3 3959
+51.3%
4 3752
+40.5%
5+ 2127
+28.6%

Summary: The Cle Elum housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 51.3%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1029+190.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cle Elum, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Cle Elum in May 2024, up by 190.0% month-over-month. Of the 29 sold homes, 59% were sold under asking, 31% were sold at asking, and 10% 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

May 2023May 2024CHANGE
53 Days57 Days+8.2%

Summary: Homes in Cle Elum had an average of 57 days on market in May 2024, up by 8.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 29 homes were sold in Cle Elum; 59% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 24% 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 13 Days Ago

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