Is 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, Soap Lake was a Seller's Market.
Housing Prices in Soap Lake, WA
How much do homes in Soap Lake, WA cost?
Median Sold Price
$299,900
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Soap Lake was $299,900 in April 2024, up 8.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $242.5K | +61.7% |
2 Bedrooms | $155K | $235K | +51.6% |
3 Bedrooms | $307.4K | $311.7K | +1.4% |
4 Bedrooms | $539.5K | $301K | -44.2% |
5+ Bedrooms | - | - | N/A |
Summary: Soap Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.7%, 2 bedroom homes increased by 51.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 44.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Soap Lake | $276.5K | $299.9K | +8.5% |
Ephrata-Soap Lake | $325K | $334.4K | +2.9% |
Housing Supply in Soap Lake, WA
How many homes are available in Soap Lake, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Summary: The Soap Lake real estate market had 23 homes for sale in April 2024, a 4.2% decrease 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 | 12 | 10 | -16.7% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 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 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Soap Lake in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Soap Lake, WA
How long does it take to sell a home in Soap Lake, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 40 Days | -38.8% |
Summary: Homes in Soap Lake had an average of 40 days on market in Apr 2024, down by 38.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Soap Lake; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.