Is 99122, 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, 99122 has remained a Buyer's Market.
Key Takeaway
99122 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 99122, WA
How much do homes in 99122, WA cost?
Median Sold Price
$375,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 99122 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 99122 was $375,000 in March 2024, up 7.4% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141.5K | $270K | +90.8% |
| 2 Bedrooms | $260K | $514K | +97.7% |
| 3 Bedrooms | $349K | $299K | -14.3% |
| 4 Bedrooms | $350K | $367K | +4.9% |
| 5+ Bedrooms | $391K | $435K | +11.3% |
Summary: 99122 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.8%, 2 bedroom homes increased by 97.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 11.3%.
Housing Supply in 99122, WA
How many homes are available in 99122, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 31 | +72.2% |
Summary: The 99122 real estate market had 31 homes for sale in March 2024, a 72.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 7 | +250.0% |
| 3 Bedrooms | 9 | 16 | +77.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 99122 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 250%, 3 bedroom homes increased by 77.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99122, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 99122 in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 99122, WA
How long does it take to sell a home in 99122, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 148 Days | 90 Days | -39.0% |
Summary: Homes in 99122 had an average of 90 days on market in Mar 2024, down by 39% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99122 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 99122; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.