Is 99224, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 99224 was a Seller's Market.
Key Takeaway
99224 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 99224, WA
How much do homes in 99224, WA cost?
Median Sold Price
$497,730
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 99224 have sold for 7% less than they did a year ago.
Summary: The median home sold price in 99224 was $497,730 in April 2024, down 7% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $265.5K | +51.7% |
| 2 Bedrooms | $265K | $304.1K | +14.8% |
| 3 Bedrooms | $468.6K | $429K | -8.5% |
| 4 Bedrooms | $561.2K | $560K | -0.2% |
| 5+ Bedrooms | $707.5K | $790K | +11.7% |
Summary: 99224 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.7%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 11.7%.
Housing Supply in 99224, WA
How many homes are available in 99224, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 88 | 120 | +36.4% |
Summary: The 99224 real estate market had 120 homes for sale in April 2024, a 36.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 39 | 49 | +25.6% |
| 4 Bedrooms | 24 | 34 | +41.7% |
| 5+ Bedrooms | 16 | 26 | +62.5% |
Summary: The 99224 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 increased by 25%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99224, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 99224 in April 2024, up by 25.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 99224, WA
How long does it take to sell a home in 99224, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 26 Days | -23.2% |
Summary: Homes in 99224 had an average of 26 days on market in Apr 2024, down by 23.2% compared to last year.
Breakdown of Home Sale Times
12 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 99224 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in 99224; 60% of homes were sold within 30 days, 40% 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.