Is Northeast Kittitas, 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, Northeast Kittitas has remained a Seller's Market.
Housing Prices in Northeast Kittitas, WA
How much do homes in Northeast Kittitas, WA cost?
Median Sold Price
$624,950
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northeast Kittitas was $624,950 in May 2024, up 6.8% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $650K | N/A |
2 Bedrooms | $352.4K | $615K | +74.5% |
3 Bedrooms | $575K | $643K | +11.8% |
4 Bedrooms | $602K | $595K | -1.2% |
5+ Bedrooms | $619.9K | $735K | +18.6% |
Summary: Northeast Kittitas 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 74.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Malaga | $550K | $613K | +11.5% |
Northeast Kittitas | $585K | $624.9K | +6.8% |
Ellensburg | $463.9K | $457.2K | -1.4% |
Housing Supply in Northeast Kittitas, WA
How many homes are available in Northeast Kittitas, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 70 | +32.1% |
Summary: The Northeast Kittitas real estate market had 70 homes for sale in May 2024, a 32.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 22 | 36 | +63.6% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Northeast Kittitas 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 63.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Northeast Kittitas in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 58% were sold at asking, and 17% were sold over asking.
Days on Market for Northeast Kittitas, WA
How long does it take to sell a home in Northeast Kittitas, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
116 Days | 53 Days | -53.6% |
Summary: Homes in Northeast Kittitas had an average of 53 days on market in May 2024, down by 53.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Northeast Kittitas; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.