Is Mead, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mead is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Mead was a Seller's Market.

Key Takeaway

Mead is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Mead, WA cost?

Median Sold Price

$491,388

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$6,438(+1.3%)

Key Takeaway

Homes in Mead have sold for 1.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $155K$139.9K
-9.7%
2 $277.5K$285K
+2.7%
3 $400K$462.3K
+15.6%
4 $494.5K$500.5K
+1.2%
5+ $601.2K$620K
+3.1%

Median Sold Price Compared To Nearby Cities

Colbert
+26.6%
Chattaroy
+12.0%
Mount Spokane
+2.5%
Mead
+1.3%
Newman Lake
+1.0%

How many homes are available in Mead, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
26260.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 21
-50.0%
2 24
+100.0%
3 32
-33.3%
4 98
-11.1%
5+ 1011
+10.0%

Number of Homes Sold

Sep 2022Oct 2022%
103-70.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mead, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
14 Days31 Days+116.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Mead, WA

Mead, WA has 26 homes for sale to choose from. The median list price of listings available in October 2022 was $491,388, while the average time on the real estate market was 31 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties went down by 9.7%, the cost of 2 bedrooms properties went up by 2.7%, prices of 3 bedrooms properties increased by 15.6%, prices of 4 bedrooms properties increased by 1.2%, prices of 5 bedrooms properties increased by 3.1%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 50%, the quantity of 2 bedrooms homes went up by 100%, number of 3 bedrooms homes decreased by 33.3%, volume of 4 bedrooms homes went down by 11.1%, 5 bedrooms homes inventory increased by 10%. While more than 0 listings in Mead, WA in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.

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