Is 99205, 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, 99205 has remained a Seller's Market.
Key Takeaway
99205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99205, WA
How much do homes in 99205, WA cost?
Median Sold Price
$330,000
$188/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in 99205 has remained the same since last year.
Summary: The median home sold price in 99205 was $330,000 in March 2024, the same as last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $219.6K | -0.1% |
| 2 Bedrooms | $275K | $280K | +1.8% |
| 3 Bedrooms | $330K | $330K | 0.0% |
| 4 Bedrooms | $357K | $360K | +0.8% |
| 5+ Bedrooms | $372.3K | $408.5K | +9.7% |
Summary: 99205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 1.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 99205, WA
How many homes are available in 99205, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 146 | 150 | +2.7% |
Summary: The 99205 real estate market had 150 homes for sale in March 2024, a 2.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 28 | 31 | +10.7% |
| 3 Bedrooms | 58 | 68 | +17.2% |
| 4 Bedrooms | 41 | 36 | -12.2% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 99205 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 43 | -20.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99205, you could pay more than the asking price. 46.5% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in 99205 in March 2024, down by 20.4% month-over-month. Of the 43 sold homes, 33% were sold under asking, 21% were sold at asking, and 47% were sold over asking.
Days on Market for 99205, WA
How long does it take to sell a home in 99205, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 23 Days | -15.1% |
Summary: Homes in 99205 had an average of 23 days on market in Mar 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99205 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 43 homes were sold in 99205; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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.