Is Cliff / Cannon, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cliff / Cannon was a Seller's Market.
Key Takeaway
Cliff / Cannon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cliff / Cannon, WA
How much do homes in Cliff / Cannon, WA cost?
Median Sold Price
$393,750
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cliff / Cannon have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Cliff / Cannon was $393,750 in March 2024, down 9.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $185K | +4.2% |
| 2 Bedrooms | $279.9K | $300K | +7.2% |
| 3 Bedrooms | $449.5K | $455K | +1.2% |
| 4 Bedrooms | $510K | $470K | -7.8% |
| 5+ Bedrooms | $655K | $600K | -8.4% |
Summary: Cliff / Cannon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 8.4%.
Housing Supply in Cliff / Cannon, WA
How many homes are available in Cliff / Cannon, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Cliff / Cannon real estate market had 33 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Cliff / Cannon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cliff / Cannon, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cliff / Cannon in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Cliff / Cannon, WA
How long does it take to sell a home in Cliff / Cannon, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 52 Days | +193.9% |
Summary: Homes in Cliff / Cannon had an average of 52 days on market in Mar 2024, up by 193.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cliff / Cannon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Cliff / Cannon; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.