Ephrata-Soap Lake Housing Market Report December 2024•Grant County, Washington
Housing Prices in Ephrata-Soap Lake, WA
How much do homes in Ephrata-Soap Lake, WA cost?
Housing Market Conditions
Is Ephrata-Soap Lake, WA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Ephrata-Soap Lake is a Neutral Market
Difference Since December 2023
Since last year, Ephrata-Soap Lake has remained a Neutral Market.
Ephrata-Soap Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Ephrata-Soap Lake have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Ephrata-Soap Lake was $336,825 in December 2024, up 2.2% from last year, and the median price per square foot was $233.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Soap Lake | $275K | $304.5K | +10.7% |
| Ephrata | $325K | $340K | +4.6% |
| Ephrata-Soap Lake | $329.5K | $336.8K | +2.2% |
| Moses Lake | $340K | $340K | 0.0% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $150K | $255K | +70.0% |
| 22 Bedrooms | $212.5K | $226.5K | +6.6% |
| 33 Bedrooms | $328.2K | $334.4K | +1.9% |
| 44 Bedrooms | $430K | $425K | -1.2% |
| 55+ Bedrooms | $708.2K | $575K | -18.8% |
Summary: Ephrata-Soap Lake housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +70.0%. The home price for 2 bedroom homes increased by +6.6%. The home price for 3 bedroom homes increased by +1.9%. The home price for 4 bedroom homes decreased by -1.2%. The home price for 5 bedroom homes decreased by -18.8%.
Housing supply in Ephrata-Soap Lake, WA
How many homes are available in Ephrata-Soap Lake, WA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 95Last MonthDec 2024 | ||
| 1082 months agoNov 2024 | -12.0 % Change MoMNov – Dec |
Summary: The Ephrata-Soap Lake real estate market had 95 homes for sale in Dec 2024, a 12.0 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 16Last MonthDec 2024 | ||
| 202 months agoNov 2024 | -20.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 11 | 10 | -9.1% |
| 33 Bedrooms | 65 | 57 | -12.3% |
| 44 Bedrooms | 20 | 17 | -15.0% |
| 55+ Bedrooms | 12 | 11 | -8.3% |
Summary: Ephrata-Soap Lake housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -9.1%. The inventory for 3 bedroom homes decreased by -12.3%. The inventory for 4 bedroom homes decreased by -15.0%. The inventory for 5 bedroom homes decreased by -8.3%.
Asking Price vs. Sold Price
How much do homes in Ephrata-Soap Lake, WA cost?
Over Asking Price4 Homes
At Asking Price5 Homes
Under Asking Price7 Homes
If you're buying a home in Ephrata-Soap Lake, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Ephrata-Soap Lake in December 2024, down by 20.0% month-over-month. Of the 16 sold homes, 44% were sold under asking, 31% were sold at asking, and and 25% were sold over asking.
Days on Market for Ephrata-Soap Lake, WA
How long does it take to sell a home in Ephrata-Soap Lake, WA?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days6 Homes
Over 90 Days6 Homes
Avg time on Rocket Homes in Ephrata-Soap Lake has remained consistent over time.
Summary: During December 2024, 16 homes were sold in Ephrata-Soap Lake; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 97 DaysThis YearDec 2024 | ||
| 78 Days1 year agoDec 2023 | +23.4 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Ephrata-Soap Lake had an average listing age of 97 days in Dec 2024, up by 23.4% compared to the previous year.
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Newest Listings in Ephrata-Soap Lake, WA
What homes are available in Ephrata-Soap Lake, WA?
New listings aren’t available for Ephrata-Soap Lake, WA
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