98816 — Chelan County, Washington Market Snapshot
Housing market data for zip code 98816 in Chelan County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$657,500
Days to Sell
10
Homes Sold
10
Inventory
31
Sale-to-List
98.0%
New Listings
35
Price/SqFt
$540
Pending Sales
13
Conforming Loan Available
Most homebuyers in 98816 can comfortably use conventional financing. The median home price of $657,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
98816 is an extremely competitive market with homes selling in just 10 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
The average home in 98816 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 98816 can comfortably use conventional financing. The median home price of $657,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 98816 are set at the county level.
2026 Loan Limits — Chelan County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $586,500 |
| 2 Units | $1,066,250 | $750,800 |
| 3 Units | $1,288,800 | $907,550 |
| 4 Units | $1,601,750 | $1,127,900 |
Affordability Snapshot — Zip 98816
To purchase the median home at $657,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,188.
Monthly Payment
$5,188
Income Required
$222,324
Principal & Interest
$4,051/mo
Down Payment (5%)
$32,875
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 98816.
Estimated Monthly Payment
$4,219
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