Is Manastash Ridge, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manastash Ridge is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Manastash Ridge was a Seller's Market.

Key Takeaway

Manastash Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Manastash Ridge, WA

How much do homes in Manastash Ridge, WA cost?

Median Sold Price

$710,000

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$135,000(+23.5%)

Key Takeaway

Homes in Manastash Ridge have sold for 23.5% more than they did a year ago.

Summary: The median home sold price in Manastash Ridge was $710,000 in May 2024, up 23.5% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $399.9K$335.5K
-16.1%
2 $495K$549K
+10.9%
3 $670K$770K
+14.9%
4 $1.2M$1.2M
+4.2%
5+ --
N/A

Summary: Manastash Ridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Manastash Ridge
+23.5%
Ellensburg
-1.4%

Housing Supply in Manastash Ridge, WA

How many homes are available in Manastash Ridge, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5064+28.0%

Summary: The Manastash Ridge real estate market had 64 homes for sale in May 2024, a 28.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 36
+100.0%
2 1012
+20.0%
3 2634
+30.8%
4 1010
0.0%
5+ 12
+100.0%

Summary: The Manastash Ridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manastash Ridge, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Manastash Ridge in May 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Manastash Ridge, WA

How long does it take to sell a home in Manastash Ridge, WA?

Average Sale Time

May 2023May 2024CHANGE
10 Days11 Days+4.1%

Summary: Homes in Manastash Ridge had an average of 11 days on market in May 2024, up by 4.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 9 homes were sold in Manastash Ridge; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in Manastash Ridge, WA

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