Is 99204, 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, 99204 was a Seller's Market.
Key Takeaway
99204 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 99204, WA
How much do homes in 99204, WA cost?
Median Sold Price
$379,900
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 99204 have sold for 15.5% less than they did a year ago.
Summary: The median home sold price in 99204 was $379,900 in March 2024, down 15.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $197.5K | +3.9% |
| 2 Bedrooms | $279.9K | $300K | +7.2% |
| 3 Bedrooms | $474K | $412K | -13.1% |
| 4 Bedrooms | $490K | $460K | -6.1% |
| 5+ Bedrooms | $690K | $560K | -18.8% |
Summary: 99204 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 18.8%.
Housing Supply in 99204, WA
How many homes are available in 99204, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The 99204 real estate market had 26 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 99204 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 99204, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 99204 in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 99204, WA
How long does it take to sell a home in 99204, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 65 Days | +188.9% |
Summary: Homes in 99204 had an average of 65 days on market in Mar 2024, up by 188.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 99204 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 99204; 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.