Is 99216, 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, 99216 has remained a Seller's Market.
Key Takeaway
99216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99216, WA
How much do homes in 99216, WA cost?
Median Sold Price
$416,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 99216 have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in 99216 was $416,500 in March 2024, down 0.8% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $290K | $309.5K | +6.7% |
| 3 Bedrooms | $409K | $411.9K | +0.7% |
| 4 Bedrooms | $442.7K | $422.9K | -4.5% |
| 5+ Bedrooms | $444.5K | $470K | +5.7% |
Summary: 99216 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 5.7%.
Housing Supply in 99216, WA
How many homes are available in 99216, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 72 | +10.8% |
Summary: The 99216 real estate market had 72 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 15 | 10 | -33.3% |
Summary: The 99216 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 increased by 40%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 22 | +69.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99216, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in 99216 in March 2024, up by 69.2% month-over-month. Of the 22 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.
Days on Market for 99216, WA
How long does it take to sell a home in 99216, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 19 Days | 20 Days | +2.8% |
Summary: Homes in 99216 had an average of 20 days on market in Mar 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99216 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in 99216; 73% of homes were sold within 30 days, 27% 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.