Is Mead, 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, Mead has remained a Seller's Market.
Housing Prices in Mead, WA
How much do homes in Mead, WA cost?
Median Sold Price
$471,120
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mead was $471,120 in March 2024, down 5.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182K | $130K | -28.6% |
2 Bedrooms | $270K | $386K | +43.0% |
3 Bedrooms | $460K | $409.9K | -10.9% |
4 Bedrooms | $515K | $473.9K | -8.0% |
5+ Bedrooms | $620K | $600K | -3.2% |
Summary: Mead housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 43%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
Mount Spokane | $618.1K | $650K | +5.2% |
Newman Lake | $500K | $505K | +1.0% |
Colbert | $614.7K | $599.9K | -2.4% |
Mead | $500K | $471.1K | -5.8% |
Chattaroy | $649K | $607.5K | -6.4% |
Housing Supply in Mead, WA
How many homes are available in Mead, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Summary: The Mead real estate market had 25 homes for sale in March 2024, a 56.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 1 | 3 | +200.0% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Mead housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Mead in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 49 Days | +170.4% |
Summary: Homes in Mead had an average of 49 days on market in Mar 2024, up by 170.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Mead; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.