Is Chelan, WA 98816 a buyer’s or seller’s market?

The Chelan housing market right now

In the three months ending August 31, 2026, 14% of homes in Chelan, WA 98816 sold above their list price, the typical home went under contract in 44 days and there were 6.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 58 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold more slowly (42 days then) and the median sale price fell 26% to $719,689. Overall, Chelan is more competitive than a year ago, so tougher for buyers.

Within Chelan County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell less often over asking than in 71%. On our competition score, Chelan ranks #278 of 298 WA ZIP codes with enough sales (score 28 out of 100).

Nearby, buyers who want less competition could look at Peshastin 98847 (0% sold over asking) or Manson 98831 (0% sold over asking), while Malaga 98828 (44% sold over asking) and Cashmere 98815 (23% sold over asking) are even more competitive.