Is Moses Lake, 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, Moses Lake was a Seller's Market.
Key Takeaway
Moses Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Moses Lake, WA
How much do homes in Moses Lake, WA cost?
Median Sold Price
$341,835
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Moses Lake have sold for 2% more than they did a year ago.
Summary: The median home sold price in Moses Lake was $341,835 in March 2024, up 2% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $215K | +95.5% |
| 2 Bedrooms | $234.5K | $246.7K | +5.2% |
| 3 Bedrooms | $322.2K | $330.2K | +2.5% |
| 4 Bedrooms | $385K | $417.5K | +8.4% |
| 5+ Bedrooms | $489.5K | $531.2K | +8.5% |
Summary: Moses Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Ephrata-Soap Lake | $325K | $333K | +2.5% |
| Moses Lake | $335K | $341.8K | +2.0% |
Housing Supply in Moses Lake, WA
How many homes are available in Moses Lake, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 146 | 188 | +28.8% |
Summary: The Moses Lake real estate market had 188 homes for sale in March 2024, a 28.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 91 | 123 | +35.2% |
| 4 Bedrooms | 36 | 47 | +30.6% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Moses Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 35.2%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 30 | +20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moses Lake, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Moses Lake in March 2024, up by 20.0% month-over-month. Of the 30 sold homes, 43% were sold under asking, 43% were sold at asking, and 13% were sold over asking.
Days on Market for Moses Lake, WA
How long does it take to sell a home in Moses Lake, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 42 Days | -14.8% |
Summary: Homes in Moses Lake had an average of 42 days on market in Mar 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moses Lake are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in Moses Lake; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% 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.