Is Ephrata, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ephrata has remained a Seller's Market.
Housing Prices in Ephrata, WA
How much do homes in Ephrata, WA cost?
Median Sold Price
$328,750
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ephrata was $328,750 in May 2024, up 9.6% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $414.5K | N/A |
2 Bedrooms | $217.2K | $237.5K | +9.3% |
3 Bedrooms | $320.9K | $332K | +3.5% |
4 Bedrooms | $356K | $385.4K | +8.3% |
5+ Bedrooms | $460K | $695K | +51.1% |
Summary: Ephrata 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 9.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 51.1%.
Median Sold Price Compared To Nearby Cities
Ephrata | $300K | $328.7K | +9.6% |
Ephrata-Soap Lake | $324.7K | $330K | +1.6% |
Housing Supply in Ephrata, WA
How many homes are available in Ephrata, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 62 | +21.6% |
Summary: The Ephrata real estate market had 62 homes for sale in May 2024, a 21.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ephrata housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Ephrata in May 2024, up by 77.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 102 Days | +93.2% |
Summary: Homes in Ephrata had an average of 102 days on market in May 2024, up by 93.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Ephrata; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.