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 seller's market

Buyer's
Market

Difference Since October 2021

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.

How much do homes in Mount Spokane, WA cost?

Median Sold Price

$620,000

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$15,000(+2.5%)

Key Takeaway

Homes in Mount Spokane have sold for 2.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $190K$139.9K
-26.4%
2 $375K$350K
-6.7%
3 $650K$501.5K
-22.8%
4 $600K$628K
+4.7%
5+ $682K$850K
+24.6%

Median Sold Price Compared To Nearby Cities

Colbert
+26.6%
Chattaroy
+12.0%
Mount Spokane
+2.5%
Mead
+1.3%
Newman Lake
+1.0%

How many homes are available in Mount Spokane, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
3435+2.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 21
-50.0%
2 56
+20.0%
3 87
-12.5%
4 1310
-23.1%
5+ 611
+83.3%

Number of Homes Sold

Sep 2022Oct 2022%
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 57.1% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
46 Days28 Days-39.3%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Spokane are selling fast, if you're buying plan to act quickly.

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

About Mount Spokane, WA

There are 35 homes are for sale in Mount Spokane, WA real estate market. The number of homes for sale in Mount Spokane, WA increased by 2.9% between September 2022 and October 2022. The median list price of listings available in October 2022 was $620,000, while the average time on the real estate market was 28 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices decreased by 26.4%, 2 bedrooms properties became 6.7% more cheaper, the cost of 3 bedrooms properties went down by 22.8%, the cost of 4 bedrooms properties went up by 4.7%, 5 bedrooms properties became 24.6% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 50%, number of 2 bedrooms homes increased by 20%, 3 bedrooms homes became 12.5% less available, 4 bedrooms homes became 23.1% less available, volume of 5 bedrooms homes went up by 83.3%. In October 2022 more than 2 listings in Mount Spokane, WA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below.

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