Is Moses Lake, 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, Moses Lake has remained a Seller's Market.
Key Takeaway
Moses Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moses Lake, WA
How much do homes in Moses Lake, WA cost?
Median Sold Price
$346,755
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Moses Lake have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Moses Lake was $346,755 in April 2024, up 5.1% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $266K | +121.7% |
| 2 Bedrooms | $234K | $246.7K | +5.4% |
| 3 Bedrooms | $320.7K | $333.1K | +3.9% |
| 4 Bedrooms | $380K | $420K | +10.5% |
| 5+ Bedrooms | $479.5K | $531.2K | +10.8% |
Summary: Moses Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 121.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Moses Lake | $329.9K | $346.7K | +5.1% |
| Ephrata-Soap Lake | $325K | $334.4K | +2.9% |
Housing Supply in Moses Lake, WA
How many homes are available in Moses Lake, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 198 | 206 | +4.0% |
Summary: The Moses Lake real estate market had 206 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 | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 129 | 124 | -3.9% |
| 4 Bedrooms | 50 | 54 | +8.0% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Moses Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 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. 38.9% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Moses Lake in April 2024, up by 12.5% month-over-month. Of the 36 sold homes, 39% were sold under asking, 36% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 58 Days | +74.5% |
Summary: Homes in Moses Lake had an average of 58 days on market in Apr 2024, up by 74.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 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 April 2024, 36 homes were sold in Moses Lake; 53% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 19% 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.