Is 99207, 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, 99207 has remained a Seller's Market.
Key Takeaway
99207 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99207, WA
How much do homes in 99207, WA cost?
Median Sold Price
$284,750
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 99207 have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in 99207 was $284,750 in March 2024, down 3.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223.4K | $199K | -11.0% |
| 2 Bedrooms | $259.5K | $248.5K | -4.2% |
| 3 Bedrooms | $298K | $295K | -1.0% |
| 4 Bedrooms | $324.9K | $315K | -3.1% |
| 5+ Bedrooms | $342K | $310K | -9.4% |
Summary: 99207 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 9.4%.
Housing Supply in 99207, WA
How many homes are available in 99207, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 94 | 102 | +8.5% |
Summary: The 99207 real estate market had 102 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 27 | 29 | +7.4% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 99207 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99207, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in 99207 in March 2024, down by 13.3% month-over-month. Of the 26 sold homes, 27% were sold under asking, 19% were sold at asking, and 54% were sold over asking.
Days on Market for 99207, WA
How long does it take to sell a home in 99207, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 20 Days | -39.1% |
Summary: Homes in 99207 had an average of 20 days on market in Mar 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99207 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in 99207; 69% of homes were sold within 30 days, 31% 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.