Is Chelan, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chelan has remained a Buyer's Market.
Housing Prices in Chelan, WA
How much do homes in Chelan, WA cost?
Median Sold Price
$600,000
$438/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chelan was $600,000 in April 2024, up 9.6% from last year, and the median price per square foot was $438.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $370K | $393K | +6.2% |
2 Bedrooms | $500K | $530K | +6.0% |
3 Bedrooms | $600K | $685K | +14.2% |
4 Bedrooms | $849K | $1.5M | +82.3% |
5+ Bedrooms | $1.5M | $625K | -58.3% |
Summary: Chelan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 82.3%, and 5+ bedroom homes decreased by 58.3%.
Housing Supply in Chelan, WA
How many homes are available in Chelan, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 96 | +50.0% |
Summary: The Chelan real estate market had 96 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 19 | 27 | +42.1% |
3 Bedrooms | 24 | 34 | +41.7% |
4 Bedrooms | 10 | 18 | +80.0% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Chelan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Chelan in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for Chelan, WA
How long does it take to sell a home in Chelan, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 45 Days | +136.8% |
Summary: Homes in Chelan had an average of 45 days on market in Apr 2024, up by 136.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Chelan; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.