Is 99202, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 99202 was a Seller's Market.
Key Takeaway
99202 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 99202, WA
How much do homes in 99202, WA cost?
Median Sold Price
$297,700
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 99202 have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in 99202 was $297,700 in March 2024, down 9.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $279K | +16.3% |
| 2 Bedrooms | $274K | $251.3K | -8.3% |
| 3 Bedrooms | $340K | $300K | -11.8% |
| 4 Bedrooms | $346K | $350K | +1.2% |
| 5+ Bedrooms | $525K | $375K | -28.6% |
Summary: 99202 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 28.6%.
Housing Supply in 99202, WA
How many homes are available in 99202, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 48 | +29.7% |
Summary: The 99202 real estate market had 48 homes for sale in March 2024, a 29.7% 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 | 12 | 12 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 5 | 14 | +180.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 99202 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 180%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99202, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 99202 in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for 99202, WA
How long does it take to sell a home in 99202, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +53.0% |
Summary: Homes in 99202 had an average of 27 days on market in Mar 2024, up by 53% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99202 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in 99202; 71% of homes were sold within 30 days, 29% 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.
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.