Is Colbert, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colbert is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Colbert was a Seller's Market.

Key Takeaway

Colbert is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Colbert, WA cost?

Median Sold Price

$633,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$133,000(+26.6%)

Key Takeaway

Homes in Colbert have sold for 26.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $170K$124.9K
-26.5%
2 $400K$420K
+5.0%
3 $400K$525K
+31.3%
4 $494.8K$638.2K
+29.0%
5+ $670K$720K
+7.5%

Median Sold Price Compared To Nearby Cities

Colbert
+26.6%
Chattaroy
+12.0%
Mount Spokane
+2.5%
Mead
+1.3%

How many homes are available in Colbert, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
4756+19.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 43
-25.0%
3 1010
0.0%
4 1518
+20.0%
5+ 1724
+41.2%

Number of Homes Sold

Sep 2022Oct 2022%
98-11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Colbert, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
14 Days14 Days-3.8%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Colbert are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Colbert, WA

Homes for sale in Colbert, WA have reached 56. The number of homes for sale in Colbert, WA increased by 19.1% between September 2022 and October 2022. The median list price of listings available in October 2022 was $633,000, while the average time on the real estate market was 14 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 26.5%, 2 bedrooms properties became 5% more expensive, prices of 3 bedrooms properties increased by 31.3%, prices of 4 bedrooms properties increased by 29%, prices of 5 bedrooms properties increased by 7.5%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 25%, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes inventory increased by 20%, 5 bedrooms homes became 41.2% more available. In October 2022, from all listings sold in Colbert, WA there were more than 1 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price.

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