Is Liberty Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Liberty Lake has remained a Seller's Market.
Housing Prices in Liberty Lake, WA
How much do homes in Liberty Lake, WA cost?
Median Sold Price
$535,500
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Liberty Lake was $535,500 in March 2024, down 1.8% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259K | $246.9K | -4.7% |
2 Bedrooms | $425K | $427.5K | +0.6% |
3 Bedrooms | $500K | $491.4K | -1.7% |
4 Bedrooms | $640K | $596K | -6.9% |
5+ Bedrooms | $761.5K | $730K | -4.1% |
Summary: Liberty Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
Liberty Lake | $545.1K | $535.5K | -1.8% |
Greenacres | $559.6K | $500K | -10.7% |
Housing Supply in Liberty Lake, WA
How many homes are available in Liberty Lake, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 98 | +6.5% |
Summary: The Liberty Lake real estate market had 98 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 40 | 39 | -2.5% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Liberty Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Liberty Lake in March 2024, up by 13.6% month-over-month. Of the 24 sold homes, 25% were sold under asking, 67% were sold at asking, and 8% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 36 Days | +11.7% |
Summary: Homes in Liberty Lake had an average of 36 days on market in Mar 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Liberty Lake; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.