Is Mount Spokane, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Spokane is a neutral's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

Mount Spokane 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 Mount Spokane, WA

How much do homes in Mount Spokane, WA cost?

Median Sold Price

$600,000

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$50,000(-7.7%)

Key Takeaway

Homes in Mount Spokane have sold for 7.7% less than they did a year ago.

Summary: The median home sold price in Mount Spokane was $600,000 in December 2024, down 7.7% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $182K$125K
-31.3%
2 $422.5K$449K
+6.3%
3 $650K$582.4K
-10.4%
4 $640K$720K
+12.5%
5+ $750K$725K
-3.3%

Summary: Mount Spokane housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Colbert
+0.9%
Mead
-1.9%
Newman Lake
-5.1%
Mount Spokane
-7.7%
Chattaroy
-12.1%

Housing Supply in Mount Spokane, WA

How many homes are available in Mount Spokane, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5051+2.0%

Summary: The Mount Spokane real estate market had 51 homes for sale in December 2024, a 2.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 35
+66.7%
2 77
0.0%
3 89
+12.5%
4 1111
0.0%
5+ 2119
-9.5%

Summary: The Mount Spokane housing inventory by bedroom type for December 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 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Spokane, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Mount Spokane in December 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Mount Spokane, WA

How long does it take to sell a home in Mount Spokane, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
31 Days59 Days+93.1%

Summary: Homes in Mount Spokane had an average of 59 days on market in Dec 2024, up by 93.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mount Spokane has remained consistent over time.

Summary: During December 2024, 8 homes were sold in Mount Spokane; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

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

Report Updated 12 Days Ago

Newest Listings in Mount Spokane, WA

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