Ephrata, WA Real Estate

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Ephrata, WA Real Estate & Homes for Sale

As the gateway to the Columbia Basin area of central Washington, Ephrata (pronounced ee-FRAY-ta by the locals) remains a desirable bedroom community to the neighboring communities. Boasting good schools, a low crime rate and low cost of living, Ephrata offers an ideal community for families, retirees and commuters alike.

As the county seat for Grant County, Ephrata sits on the intersection of Highways 28, 17 and 282 with easy access to the major retail center of Moses Lake. The industrial base in nearby communities continues to bolster the economy while fostering population growth and new housing. The median housing price hovers under $130,000, revealing a home inventory of humble farm homes to expansive contemporaries, with most offering large lots.

Ephrata offers a pleasant downtown atmosphere with historical relevance presenting a museum dedicated to the pioneer days. This bedroom community is also minutes from world-class year-round outdoor recreation, including hiking, river rafting, fly fishing, horseback riding, snowmobiling, and cross country skiing. With plenty of recreational opportunities, the town offers fun activities to the populace, such as Splashzone, Basin Summer Sounds, the Sage-n-Sun Festival and the Beezley Burn to keep the family busy. Offering a true quality of life, Ephrata presents shopping, museums, recreational opportunities and reasonably priced real estate for residents, within a hometown community. Whether it's the cultural and recreational opportunities, the friendly people or the beautiful scenery, Ephrata?s small town charm affords a quality of life second to none.

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Ephrata, WA Real Estate Market Summary - Prices of Ephrata Homes for Sale

Both contemporary and farm properties are found amongst the spacious Ephrata landscape. From rural settings with panoramic views to cityscapes of the historic downtown, with quiet suburban shaded streets, Ephrata and its surrounding areas are some of the most affordable places to live in the Northwest. Residential land property starts under $10,000 ranging to $80,000, varying by topography and acreage, some offering expansive mountain views. Single-family homes start under $100,000 and can go up to $300,000 for new developments.

Ephrata Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $280,485 compared to $280,485 the previous week, to remain steady with no change in listing price.  For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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