Is Ephrata, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ephrata was a Seller's Market.
Housing Prices in Ephrata, WA
How much do homes in Ephrata, WA cost?
Median Sold Price
$328,750
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ephrata was $328,750 in April 2024, up 7.6% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $414.5K | N/A |
2 Bedrooms | $212.5K | $230.3K | +8.4% |
3 Bedrooms | $319.6K | $335K | +4.8% |
4 Bedrooms | $352.5K | $415K | +17.7% |
5+ Bedrooms | $452.5K | $840K | +85.6% |
Summary: Ephrata housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 85.6%.
Median Sold Price Compared To Nearby Cities
Ephrata | $305.5K | $328.7K | +7.6% |
Ephrata-Soap Lake | $325K | $334.4K | +2.9% |
Housing Supply in Ephrata, WA
How many homes are available in Ephrata, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 52 | +4.0% |
Summary: The Ephrata real estate market had 52 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 3 | -66.7% |
3 Bedrooms | 26 | 30 | +15.4% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ephrata housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 7 | -46.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Ephrata in April 2024, down by 46.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Ephrata, WA
How long does it take to sell a home in Ephrata, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
118 Days | 91 Days | -22.5% |
Summary: Homes in Ephrata had an average of 91 days on market in Apr 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
3 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, 7 homes were sold in Ephrata; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.