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Foreclosure Homes in Soap Lake, WA

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Soap Lake, WA Foreclosures

How much do homes sell for in Soap Lake, WA?
The average home price is currently $266,699.
In Soap Lake, WA, how many homes are available?
There are currently 3 active home listings available in Soap Lake.
What’s the average rental cost in Soap Lake, WA?
The average rental price in Soap Lake is $1,062.
What is the most expensive home in Soap Lake?
The most expensive home sold in Soap Lake had a price of $3,046,836.
What is currently the cheapest priced home in Soap Lake, WA?
The cheapest home for sale in Soap Lake is priced at $19,662.

Living in Soap Lake, WA

Soap Lake, WA is a quaint city famous for its mineral-rich lake known for its therapeutic properties. With a peaceful environment and abundant outdoor activities such as hiking and boating, it offers a great quality of life. The close-knit community and charming downtown provide residents with local amenities and a supportive atmosphere.

Current Market Conditions in Soap Lake, WA

The real estate market in Soap Lake has shown stability over the past few months, with moderate price increases reflecting the demand for homes in this tranquil setting. Homes priced under $300,000 are still popular among first-time home buyers, while the limited inventory has propelled values slightly higher, especially for those properties near the lake. The area's growing popularity for vacation rentals also contributes to interest from investors looking for lucrative opportunities.

Soap Lake is experiencing a shift in market dynamics as remote work trends become more prevalent. People from urban areas are seeking out Soap Lake for its scenic beauty, affordability, and quality of life. This trend has led to a steady increase in home sales, particularly among family-sized homes and waterfront properties.

Home Value Estimator For Soap Lake, WA

There are currently 1,375 real estate properties in Soap Lake, WA, with a median automated valuation model (AVM) price of $223,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Soap Lake, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Soap Lake, WA, is $266,699.00, with the most expensive house in Soap Lake, WA, topping out at $3,046,836.00 and the cheapest home in Soap Lake, WA, clocking in at $19,662.00. In other words, there’s something for every potential homebuyer or savvy investor in Soap Lake, WA!

Rent Prices In Soap Lake, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Soap Lake, WA, is on a rollercoaster ride. The average rent price in Soap Lake, WA, is $1,062.00. Indeed, when looking to rent in Soap Lake, WA, you can expect to pay as little as $530.00 or as much as $2,540.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Soap Lake, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Soap Lake, WA Foreclosures


Market Trend for Soap Lake, WA

Total Listings Available: 3

Market Values:

Home Prices from $19,662 to $3,046,836

Average Sales Price: $266,699

Rental Values:

Rental from $530 to $2,540

Average Rent Value: $1,062 / month

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