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 April 2023

Since last year, 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

$310,000

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$10,000(-3.1%)

Key Takeaway

Homes in Spokane have sold for 3.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$122K
N/A
2 --
N/A
3 $255K$280K
+9.8%
4 $337.5K$349.9K
+3.7%
5+ $318K$310K
-2.5%

Summary: Spokane housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Cities

Spokane
-3.1%
South Galloway Township
-18.7%

Housing Supply in Spokane, MO

How many homes are available in Spokane, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
34+33.3%

Summary: The Spokane real estate market had 4 homes for sale in April 2024, a 33.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 11
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Spokane housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spokane, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Spokane in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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 2023Apr 2024CHANGE
2 Days42 Days+2000.0%

Summary: Homes in Spokane had an average of 42 days on market in Apr 2024, up by 2000% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Spokane has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Spokane; 0% of homes were sold within 30 days, 100% 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 4 Days Ago

Newest Listings in Spokane, MO

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