Is North Hill, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Hill has remained a Seller's Market.
Key Takeaway
North Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Hill, WA
How much do homes in North Hill, WA cost?
Median Sold Price
$320,000
$188/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in North Hill has remained the same since last year.
Summary: The median home sold price in North Hill was $320,000 in May 2024, the same as last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236K | $192.5K | -18.4% |
| 2 Bedrooms | $272.5K | $276K | +1.3% |
| 3 Bedrooms | $325K | $320K | -1.5% |
| 4 Bedrooms | $345K | $343.4K | -0.4% |
| 5+ Bedrooms | $345K | $371K | +7.5% |
Summary: North Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Neighborhoods
| North Hill | $320K | $320K | 0.0% |
| Allendale | $320K | $317.5K | -0.8% |
Housing Supply in North Hill, WA
How many homes are available in North Hill, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Summary: The North Hill real estate market had 52 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The North Hill 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 increased by 66.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Hill, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in North Hill in May 2024, down by 5.9% month-over-month. Of the 16 sold homes, 19% were sold under asking, 31% were sold at asking, and 50% were sold over asking.
Days on Market for North Hill, WA
How long does it take to sell a home in North Hill, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 25 Days | +331.9% |
Summary: Homes in North Hill had an average of 25 days on market in May 2024, up by 331.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in North Hill; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.