Is Spokane, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spokane is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Spokane has remained a Seller's Market.

Key Takeaway

Spokane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Spokane, MO

How much do homes in Spokane, MO cost?

Median Sold Price

$275,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

-$79,900(-22.5%)

Key Takeaway

Homes in Spokane have sold for 22.5% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 -$275K
N/A
4 $354.9K-
N/A
5+ --
N/A

Summary: Spokane housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Spokane, MO

How many homes are available in Spokane, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
550.0%

Summary: The Spokane real estate market had 5 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 00
0.0%
3 23
+50.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Spokane housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spokane, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Spokane in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Spokane, MO

How long does it take to sell a home in Spokane, MO?

Average Sale Time

Apr 2024May 2024CHANGE
42 Days10 Days-74.6%

Summary: Homes in Spokane had an average of 10 days on market in May 2024, down by 74.6% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Spokane are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Spokane; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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