Is Manastash Ridge, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Manastash Ridge has remained a Seller's Market.
Key Takeaway
Manastash Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manastash Ridge, WA
How much do homes in Manastash Ridge, WA cost?
Median Sold Price
$635,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manastash Ridge have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Manastash Ridge was $635,000 in March 2024, up 5.8% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $322.5K | -28.3% |
| 2 Bedrooms | $499K | $460K | -7.8% |
| 3 Bedrooms | $650K | $649.9K | 0% |
| 4 Bedrooms | $990K | $1.2M | +23.7% |
| 5+ Bedrooms | $4.0M | - | N/A |
Summary: Manastash Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.3%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ellensburg | $435K | $478.3K | +10.0% |
| Manastash Ridge | $600K | $635K | +5.8% |
Housing Supply in Manastash Ridge, WA
How many homes are available in Manastash Ridge, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 35 | +105.9% |
Summary: The Manastash Ridge real estate market had 35 homes for sale in March 2024, a 105.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 17 | +112.5% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Manastash Ridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 112.5%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 7 | +600.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Manastash Ridge, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Manastash Ridge in March 2024, up by 600.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 199 Days | 131 Days | -34.1% |
Summary: Homes in Manastash Ridge had an average of 131 days on market in Mar 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manastash Ridge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Manastash Ridge; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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.