Is Emerson / Garfield, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Emerson / Garfield was a Seller's Market.
Key Takeaway
Emerson / Garfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Emerson / Garfield, WA
How much do homes in Emerson / Garfield, WA cost?
Median Sold Price
$315,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Emerson / Garfield have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Emerson / Garfield was $315,000 in April 2024, up 1.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $247.5K | +10.0% |
| 2 Bedrooms | $260K | $276K | +6.2% |
| 3 Bedrooms | $319.9K | $312.5K | -2.3% |
| 4 Bedrooms | $325K | $340K | +4.6% |
| 5+ Bedrooms | $320K | $424.1K | +32.6% |
Summary: Emerson / Garfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 32.6%.
Housing Supply in Emerson / Garfield, WA
How many homes are available in Emerson / Garfield, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Summary: The Emerson / Garfield real estate market had 30 homes for sale in April 2024, a 30.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 4 | 8 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Emerson / Garfield 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 8.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
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 Emerson / Garfield, 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 Emerson / Garfield in April 2024, down by 50.0% 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 Emerson / Garfield, WA
How long does it take to sell a home in Emerson / Garfield, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 6 Days | -76.7% |
Summary: Homes in Emerson / Garfield had an average of 6 days on market in Apr 2024, down by 76.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Emerson / Garfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Emerson / Garfield; 100% of homes were sold within 30 days, 0% 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.