Is Liberty Lake, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Liberty Lake is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Liberty Lake has remained a Seller's Market.

Key Takeaway

Liberty Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Liberty Lake, WA

How much do homes in Liberty Lake, WA cost?

Median Sold Price

$550,000

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,000(+3.8%)

Key Takeaway

Homes in Liberty Lake have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Liberty Lake was $550,000 in September 2024, up 3.8% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $249.4K$244.5K
-2.0%
2 $430K$407.2K
-5.3%
3 $499.9K$500K
0.0%
4 $600K$604.2K
+0.7%
5+ $767K$704.9K
-8.1%

Summary: Liberty Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Cities

Liberty Lake
+3.8%
Greenacres
-5.3%

Housing Supply in Liberty Lake, WA

How many homes are available in Liberty Lake, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
115124+7.8%

Summary: The Liberty Lake real estate market had 124 homes for sale in September 2024, a 7.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 1616
0.0%
3 4446
+4.5%
4 3035
+16.7%
5+ 2325
+8.7%

Summary: The Liberty Lake 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 remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2926-10.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Liberty Lake, you may be able to get a good deal. 52% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Liberty Lake in September 2024, down by 10.3% month-over-month. Of the 25 sold homes, 52% were sold under asking, 36% were sold at asking, and 12% were sold over asking.

Days on Market for Liberty Lake, WA

How long does it take to sell a home in Liberty Lake, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
28 Days35 Days+23.8%

Summary: Homes in Liberty Lake had an average of 35 days on market in Sep 2024, up by 23.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Liberty Lake are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 26 homes were sold in Liberty Lake; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

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

Report Updated Sep 1, 2024

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