Is Spokane South, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Spokane South was a Seller's Market.
Housing Prices in Spokane South, WA
How much do homes in Spokane South, WA cost?
Median Sold Price
$670,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Spokane South was $670,000 in March 2024, down 0.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $420K | $354.9K | -15.5% |
3 Bedrooms | $578.5K | $585K | +1.1% |
4 Bedrooms | $675.9K | $670K | -0.9% |
5+ Bedrooms | $805K | $807.5K | 0.3% |
Summary: Spokane South housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Valleyford | $680K | $759.9K | +11.8% |
Spokane | $366.1K | $392.5K | +7.2% |
Cheney-Medical Lake | $400K | $400K | 0.0% |
Spokane South | $675.4K | $670K | -0.8% |
Housing Supply in Spokane South, WA
How many homes are available in Spokane South, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 53 | +17.8% |
Summary: The Spokane South real estate market had 53 homes for sale in March 2024, a 17.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Spokane South housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Spokane South in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Spokane South, WA
How long does it take to sell a home in Spokane South, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 12 Days | -49.5% |
Summary: Homes in Spokane South had an average of 12 days on market in Mar 2024, down by 49.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Spokane South; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.