Is South Cle Elum, 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, South Cle Elum has remained a Seller's Market.
Key Takeaway
South Cle Elum is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Cle Elum, WA
How much do homes in South Cle Elum, WA cost?
Median Sold Price
$384,750
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in South Cle Elum has remained the same since last year.
Summary: The median home sold price in South Cle Elum was $384,750 in May 2024, down 0.1% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $381.5K | +21.1% |
| 3 Bedrooms | $394.9K | $429K | +8.6% |
| 4 Bedrooms | $480K | $375.5K | -21.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: South Cle Elum 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 21.1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cle Elum | $559.9K | $900K | +60.7% |
| South Cle Elum | $385K | $384.7K | -0.1% |
Housing Supply in South Cle Elum, WA
How many homes are available in South Cle Elum, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Summary: The South Cle Elum real estate market had 5 homes for sale in May 2024, a 66.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Cle Elum housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Cle Elum, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in South Cle Elum in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Cle Elum, WA
How long does it take to sell a home in South Cle Elum, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 149 Days | 8 Days | -94.6% |
Summary: Homes in South Cle Elum had an average of 8 days on market in May 2024, down by 94.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Cle Elum are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in South Cle Elum; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.