Is Northeast Kittitas, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Kittitas is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Northeast Kittitas has remained a Seller's Market.

Key Takeaway

Northeast Kittitas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northeast Kittitas, WA

How much do homes in Northeast Kittitas, WA cost?

Median Sold Price

$624,950

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$39,950(+6.8%)

Key Takeaway

Homes in Northeast Kittitas have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Northeast Kittitas was $624,950 in May 2024, up 6.8% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$650K
N/A
2 $352.4K$615K
+74.5%
3 $575K$643K
+11.8%
4 $602K$595K
-1.2%
5+ $619.9K$735K
+18.6%

Summary: Northeast Kittitas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 74.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 18.6%.

Median Sold Price Compared To Nearby Cities

Malaga
+11.5%
Northeast Kittitas
+6.8%
Ellensburg
-1.4%

Housing Supply in Northeast Kittitas, WA

How many homes are available in Northeast Kittitas, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5370+32.1%

Summary: The Northeast Kittitas real estate market had 70 homes for sale in May 2024, a 32.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 55
0.0%
3 2236
+63.6%
4 2325
+8.7%
5+ 12
+100.0%

Summary: The Northeast Kittitas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 63.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
712+71.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Kittitas, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in Northeast Kittitas in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 58% were sold at asking, and 17% were sold over asking.

Days on Market for Northeast Kittitas, WA

How long does it take to sell a home in Northeast Kittitas, WA?

Average Sale Time

May 2023May 2024CHANGE
116 Days53 Days-53.6%

Summary: Homes in Northeast Kittitas had an average of 53 days on market in May 2024, down by 53.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 12 homes were sold in Northeast Kittitas; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 Northeast Kittitas, WA

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