Is Latah Valley, 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, Latah Valley was a Seller's Market.
Key Takeaway
Latah Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Latah Valley, WA
How much do homes in Latah Valley, WA cost?
Median Sold Price
$625,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Latah Valley have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Latah Valley was $625,000 in April 2024, down 2.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $382K | $352.2K | -7.8% |
| 3 Bedrooms | $564.5K | $512.4K | -9.2% |
| 4 Bedrooms | $660K | $625K | -5.3% |
| 5+ Bedrooms | $750K | $790K | +5.3% |
Summary: Latah Valley 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 decreased by 7.8%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Manito / Cannon Hill | $558K | $548.7K | -1.7% |
| Latah Valley | $639K | $625K | -2.2% |
Housing Supply in Latah Valley, WA
How many homes are available in Latah Valley, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 50 | +35.1% |
Summary: The Latah Valley real estate market had 50 homes for sale in April 2024, a 35.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Summary: The Latah Valley 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 20%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latah Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Latah Valley in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 30 Days | +194.0% |
Summary: Homes in Latah Valley had an average of 30 days on market in Apr 2024, up by 194% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were 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 April 2024, 8 homes were sold in Latah Valley; 63% of homes were sold within 30 days, 38% 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.