Is 99005, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 99005 was a Buyer's Market.
Key Takeaway
99005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99005, WA
How much do homes in 99005, WA cost?
Median Sold Price
$595,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 99005 have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in 99005 was $595,000 in April 2024, down 5.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $376K | - | N/A |
| 2 Bedrooms | - | $470K | N/A |
| 3 Bedrooms | $550K | $542.2K | -1.4% |
| 4 Bedrooms | $625K | $570K | -8.8% |
| 5+ Bedrooms | $680K | $655.7K | -3.6% |
Summary: 99005 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 decreased by 1.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in 99005, WA
How many homes are available in 99005, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The 99005 real estate market had 34 homes for sale in April 2024, a 9.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 99005 housing inventory by bedroom type for April 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 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99005, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 99005 in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 99005, WA
How long does it take to sell a home in 99005, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +6.3% |
Summary: Homes in 99005 had an average of 35 days on market in Apr 2024, up by 6.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99005 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 99005; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.