$8,311 Closing Credit*
$699,900
2,123 SqFt
4 Beds
•2 Baths
Jeff Thomas, Listing Office: 4 Degrees Real Estate
Is Latah Valley, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Latah Valley was a Seller's Market.
Key Takeaway
Latah Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Latah Valley, WA
How much do homes in Latah Valley, WA cost?
Median Sold Price
$595,500
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$33,900(-5.4%)
Key Takeaway
Homes in Latah Valley have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Latah Valley was $595,500 in September 2024, down 5.4% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $220K | +25.7% |
| 2 Bedrooms | $382K | $415K | +8.6% |
| 3 Bedrooms | $559K | $509.9K | -8.8% |
| 4 Bedrooms | $625K | $609K | -2.6% |
| 5+ Bedrooms | $807.5K | $712.5K | -11.8% |
Summary: Latah Valley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Comstock Park | $729K | $869.9K | +19.3% |
| Manito / Cannon Hill | $546.2K | $595K | +8.9% |
| Latah Valley | $629.4K | $595.5K | -5.4% |
Housing Supply in Latah Valley, WA
How many homes are available in Latah Valley, WA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 56 | 53 | -5.4% |
Summary: The Latah Valley real estate market had 53 homes for sale in September 2024, a 5.4% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 16 | 10 | -37.5% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Latah Valley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latah Valley, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Latah Valley in September 2024, down by 64.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Latah Valley, WA
How long does it take to sell a home in Latah Valley, WA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 17 Days | -40.6% |
Summary: Homes in Latah Valley had an average of 17 days on market in Sep 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Latah Valley are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in Latah Valley; 80% of homes were sold within 30 days, 20% 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.