Is 99016, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 99016 has remained a Seller's Market.
Key Takeaway
99016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99016, WA
How much do homes in 99016, WA cost?
Median Sold Price
$500,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 99016 have sold for 10.7% less than they did a year ago.
Summary: The median home sold price in 99016 was $500,000 in March 2024, down 10.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $480K | N/A |
| 2 Bedrooms | $435K | $369.3K | -15.1% |
| 3 Bedrooms | $474.9K | $440K | -7.3% |
| 4 Bedrooms | $604K | $560K | -7.3% |
| 5+ Bedrooms | $775K | $757.2K | -2.3% |
Summary: 99016 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in 99016, WA
How many homes are available in 99016, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 95 | +33.8% |
Summary: The 99016 real estate market had 95 homes for sale in March 2024, a 33.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 13 | 25 | +92.3% |
Summary: The 99016 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 92.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 22 | +57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99016, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in 99016 in March 2024, up by 57.1% month-over-month. Of the 20 sold homes, 30% were sold under asking, 45% were sold at asking, and 25% were sold over asking.
Days on Market for 99016, WA
How long does it take to sell a home in 99016, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 36 Days | +89.8% |
Summary: Homes in 99016 had an average of 36 days on market in Mar 2024, up by 89.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99016 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in 99016; 59% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.