Is Minnehaha, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Minnehaha has remained a Seller's Market.
Key Takeaway
Minnehaha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Minnehaha, WA
How much do homes in Minnehaha, WA cost?
Median Sold Price
$315,000
$187/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Minnehaha has remained the same since last year.
Summary: The median home sold price in Minnehaha was $315,000 in April 2024, the same as last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229K | $179K | -21.8% |
| 2 Bedrooms | $279.2K | $290K | +3.8% |
| 3 Bedrooms | $319K | $315K | -1.3% |
| 4 Bedrooms | $330K | $341.4K | +3.5% |
| 5+ Bedrooms | $318K | $300.9K | -5.4% |
Summary: Minnehaha housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.8%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in Minnehaha, WA
How many homes are available in Minnehaha, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Summary: The Minnehaha real estate market had 12 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Minnehaha housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Minnehaha, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Minnehaha in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Minnehaha, WA
How long does it take to sell a home in Minnehaha, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 12 Days | +413.3% |
Summary: Homes in Minnehaha had an average of 12 days on market in Apr 2024, up by 413.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Minnehaha are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Minnehaha; 83% of homes were sold within 30 days, 17% 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.