$6,531 Closing Credit*
$550,000
3,232 SqFt
5 Beds
•3 Baths
Karen Geraghty, Listing Office: John L Scott, Inc.
Is Mead, 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, Mead was a Seller's Market.
Key Takeaway
Mead 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 Mead, WA
How much do homes in Mead, WA cost?
Median Sold Price
$474,997
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$5,752(+1.2%)
Key Takeaway
Homes in Mead have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Mead was $474,997 in September 2024, up 1.2% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.5K | $125K | -21.1% |
| 2 Bedrooms | $239.3K | $585K | +144.5% |
| 3 Bedrooms | $455K | $409.9K | -9.9% |
| 4 Bedrooms | $500K | $473.9K | -5.2% |
| 5+ Bedrooms | $606.2K | $582.3K | -3.9% |
Summary: Mead housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 144.5%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
| Mount Spokane | $622K | $640K | +2.9% |
| Mead | $469.2K | $474.9K | +1.2% |
| Colbert | $600K | $605K | +0.8% |
| Chattaroy | $625K | $550K | -12.0% |
Housing Supply in Mead, WA
How many homes are available in Mead, WA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 36 | 45 | +25.0% |
Summary: The Mead real estate market had 45 homes for sale in September 2024, a 25.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Mead 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 50%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mead, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mead in September 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Mead, WA
How long does it take to sell a home in Mead, WA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 19 Days | 34 Days | +78.7% |
Summary: Homes in Mead had an average of 34 days on market in Sep 2024, up by 78.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mead has remained consistent over time.
Summary: During September 2024, 7 homes were sold in Mead; 43% of homes were sold within 30 days, 57% 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.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.