Is Ephrata-Soap Lake, 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-Soap Lake was a Seller's Market.
Housing Prices in Ephrata-Soap Lake, WA
How much do homes in Ephrata-Soap Lake, WA cost?
Median Sold Price
$334,400
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ephrata-Soap Lake was $334,400 in April 2024, up 2.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $379K | +152.7% |
2 Bedrooms | $212.5K | $235K | +10.6% |
3 Bedrooms | $325K | $331K | +1.8% |
4 Bedrooms | $392.5K | $427.5K | +8.9% |
5+ Bedrooms | $510K | $651.5K | +27.7% |
Summary: Ephrata-Soap Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 152.7%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Cities
Soap Lake | $276.5K | $299.9K | +8.5% |
Ephrata | $305.5K | $328.7K | +7.6% |
Moses Lake | $329.9K | $346.7K | +5.1% |
Ephrata-Soap Lake | $325K | $334.4K | +2.9% |
Housing Supply in Ephrata-Soap Lake, WA
How many homes are available in Ephrata-Soap Lake, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 89 | +4.7% |
Summary: The Ephrata-Soap Lake real estate market had 89 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 21 | 14 | -33.3% |
3 Bedrooms | 38 | 46 | +21.1% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Ephrata-Soap Lake 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 33.3%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 11 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Ephrata-Soap Lake in April 2024, down by 50.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Ephrata-Soap Lake, WA
How long does it take to sell a home in Ephrata-Soap Lake, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
102 Days | 83 Days | -18.2% |
Summary: Homes in Ephrata-Soap Lake had an average of 83 days on market in Apr 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Ephrata-Soap Lake; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.