Is 99203, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 99203 has remained a Seller's Market.
Key Takeaway
99203 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99203, WA
How much do homes in 99203, WA cost?
Median Sold Price
$503,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 99203 have sold for 1% less than they did a year ago.
Summary: The median home sold price in 99203 was $503,000 in April 2024, down 1% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $339.5K | $120K | -64.7% |
| 2 Bedrooms | $380K | $372.5K | -2.0% |
| 3 Bedrooms | $450K | $472K | +4.9% |
| 4 Bedrooms | $567K | $535K | -5.6% |
| 5+ Bedrooms | $666K | $637.5K | -4.3% |
Summary: 99203 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.7%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 99203, WA
How many homes are available in 99203, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 99 | +20.7% |
Summary: The 99203 real estate market had 99 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 24 | 31 | +29.2% |
| 4 Bedrooms | 35 | 41 | +17.1% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 99203 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 increased by 12.5%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99203, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 99203 in April 2024, up by 35.0% month-over-month. Of the 27 sold homes, 41% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for 99203, WA
How long does it take to sell a home in 99203, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 11 Days | -35.5% |
Summary: Homes in 99203 had an average of 11 days on market in Apr 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
24 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 99203 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in 99203; 89% of homes were sold within 30 days, 11% 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.