Is Mount Spokane, 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, Mount Spokane has remained a Seller's Market.
Key Takeaway
Mount Spokane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Spokane, WA
How much do homes in Mount Spokane, WA cost?
Median Sold Price
$650,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mount Spokane have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Mount Spokane was $650,000 in March 2024, up 5.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $236K | $135K | -42.8% |
| 2 Bedrooms | $370K | $467K | +26.2% |
| 3 Bedrooms | $500K | $723.1K | +44.6% |
| 4 Bedrooms | $641K | $645K | +0.6% |
| 5+ Bedrooms | $850K | $750K | -11.8% |
Summary: Mount Spokane housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.8%, 2 bedroom homes increased by 26.2%, 3 bedroom homes increased by 44.6%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 11.8%.
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 Mount Spokane, WA
How many homes are available in Mount Spokane, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 35 | +118.8% |
Summary: The Mount Spokane real estate market had 35 homes for sale in March 2024, a 118.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 11 | +450.0% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Mount Spokane housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 450%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Spokane, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Mount Spokane in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 63 Days | +140.6% |
Summary: Homes in Mount Spokane had an average of 63 days on market in Mar 2024, up by 140.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Spokane are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Mount Spokane; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% 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.