Is Chief Garry Park, 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, Chief Garry Park has remained a Seller's Market.
Key Takeaway
Chief Garry Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chief Garry Park, WA
How much do homes in Chief Garry Park, WA cost?
Median Sold Price
$279,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chief Garry Park have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Chief Garry Park was $279,000 in April 2024, up 3.3% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238K | $279K | +17.2% |
| 2 Bedrooms | $245K | $256K | +4.5% |
| 3 Bedrooms | $273.9K | $275K | 0.4% |
| 4 Bedrooms | $306K | $307.5K | 0.5% |
| 5+ Bedrooms | $281.5K | - | N/A |
Summary: Chief Garry Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Chief Garry Park | $270K | $279K | +3.3% |
| Minnehaha | $315K | $315K | 0.0% |
Housing Supply in Chief Garry Park, WA
How many homes are available in Chief Garry Park, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Chief Garry Park real estate market had 12 homes for sale in April 2024, a 20.0% increase 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 | 2 | 4 | +100.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chief Garry Park 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chief Garry Park, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Chief Garry Park in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Chief Garry Park, WA
How long does it take to sell a home in Chief Garry Park, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 22 Days | +183.9% |
Summary: Homes in Chief Garry Park had an average of 22 days on market in Apr 2024, up by 183.9% compared to last year.
Breakdown of Home Sale Times
3 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 Chief Garry Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Chief Garry Park; 75% of homes were sold within 30 days, 25% 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.