Is Colville Reservation, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colville Reservation is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Colville Reservation was a Neutral Market.

Key Takeaway

Colville Reservation is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Colville Reservation, WA cost?

Median Sold Price

$215,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$2,000(-0.9%)

Key Takeaway

Homes in Colville Reservation have sold for 0.9% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$101.7K
N/A
2 $171.5K$169.5K
-1.2%
3 $211K$239.5K
+13.5%
4 $275K$328K
+19.3%
5+ $529.5K$399.9K
-24.5%

Median Sold Price Compared To Nearby Cities

Omak
+7.9%
Colville Reservation
-0.9%

How many homes are available in Colville Reservation, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
1413-7.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 34
+33.3%
3 96
-33.3%
4 12
+100.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Colville Reservation, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days93 Days+402.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Colville Reservation are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Colville Reservation, WA

Number of homes for sale in Colville Reservation, WA real estate market have reached 13. Between September 2022 and October 2022, Colville Reservation, WA real estate market has seen decrease in the number of listings by 7.1%. Listings spent 93 days on the market in October 2022, and had a median list price of $215,000 during the same period. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 1.2%, prices of 3 bedrooms properties went up by 13.5%, 4 bedrooms properties became 19.3% more expensive, prices of 5 bedrooms properties decreased by 24.5%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 33.3%, 3 bedrooms homes inventory decreased by 33.3%, 4 bedrooms homes inventory increased by 100%, 5 bedrooms homes inventory did not change. While more than 0 listings in Colville Reservation, WA in October 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 1 were sold below.

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