Is 99218, 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, 99218 has remained a Seller's Market.
Key Takeaway
99218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99218, WA
How much do homes in 99218, WA cost?
Median Sold Price
$475,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 99218 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 99218 was $475,000 in April 2024, up 3.3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299K | $278K | -7.0% |
| 3 Bedrooms | $429.7K | $442K | +2.9% |
| 4 Bedrooms | $467.5K | $456.4K | -2.4% |
| 5+ Bedrooms | $525.5K | $527K | 0.3% |
Summary: 99218 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in 99218, WA
How many homes are available in 99218, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The 99218 real estate market had 25 homes for sale in April 2024, a 3.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The 99218 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99218, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in 99218 in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for 99218, WA
How long does it take to sell a home in 99218, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 16 Days | 0.2% |
Summary: Homes in 99218 had an average of 16 days on market in Apr 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99218 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 99218; 80% of homes were sold within 30 days, 20% 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.