Is Colbert, 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, Colbert has remained a Seller's Market.
Housing Prices in Colbert, WA
How much do homes in Colbert, WA cost?
Median Sold Price
$589,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Colbert was $589,000 in April 2024, down 4.2% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $272.5K | - | N/A |
2 Bedrooms | $377.7K | $416.5K | +10.3% |
3 Bedrooms | $590K | $547.5K | -7.2% |
4 Bedrooms | $625K | $555K | -11.2% |
5+ Bedrooms | $662.5K | $652.8K | -1.5% |
Summary: Colbert 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 increased by 10.3%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Mount Spokane | $615K | $650K | +5.7% |
Mead | $480K | $474.4K | -1.1% |
Colbert | $614.7K | $589K | -4.2% |
Chattaroy | $645K | $599.9K | -7.0% |
Housing Supply in Colbert, WA
How many homes are available in Colbert, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 62 | +34.8% |
Summary: The Colbert real estate market had 62 homes for sale in April 2024, a 34.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 11 | 18 | +63.6% |
4 Bedrooms | 16 | 21 | +31.3% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Colbert 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 200%, 3 bedroom homes increased by 63.6%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Colbert in April 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Colbert, WA
How long does it take to sell a home in Colbert, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 24 Days | -4.9% |
Summary: Homes in Colbert had an average of 24 days on market in Apr 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Colbert; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.