Is Peshastin, WA 98847 a buyer’s or seller’s market?
Peshastin is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Peshastin housing market right now
In the three months ending August 31, 2026, 0% of homes in Peshastin, WA 98847 sold above their list price, the typical home went under contract in 32 days and there were 5.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (48 days then) and the median sale price rose 75% to $814,148. Overall, Peshastin is more competitive than a year ago, so tougher for buyers.
Within Chelan County, homes here sell faster than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Malaga 98828 (44% sold over asking) and Cashmere 98815 (23% sold over asking) are even more competitive.
Run the numbers for 98847
Nearby markets
Ardenvoir 98811 — /sq ftCashmere 98815Seller’s market $310 /sq ftChelan 98816Buyer’s market $421 /sq ftChelan Falls 98817 — /sq ft Browse all markets →Towns like Peshastin nearby
Find towns like Peshastin in other states →Where Peshastin is
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Questions about Peshastin real estate
Is Peshastin a buyer’s or seller’s market?
A balanced market: there were 5.6 months of supply in Peshastin, WA 98847 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Peshastin?
The typical home went under contract in 32 days in the latest three months.
Do homes in Peshastin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Peshastin?
About 0.71% of a home’s value a year in Chelan County, or roughly $2,840 on a $400,000 home.
What is the median home price in Peshastin?
The median sale price was $814,148 in the three months ending August 31, 2026, about $359 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology