Is Veradale, 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, Veradale has remained a Seller's Market.
Key Takeaway
Veradale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Veradale, WA
How much do homes in Veradale, WA cost?
Median Sold Price
$500,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Veradale have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Veradale was $500,000 in March 2024, down 2.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $278K | N/A |
| 2 Bedrooms | $330K | $412.5K | +25.0% |
| 3 Bedrooms | $475K | $447K | -5.9% |
| 4 Bedrooms | $490K | $480K | -2.0% |
| 5+ Bedrooms | $646.9K | $649.9K | 0.5% |
Summary: Veradale 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 increased by 25%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Spokane Valley | $419.8K | $418K | -0.4% |
| Veradale | $514.7K | $500K | -2.9% |
| Greenacres | $559.6K | $500K | -10.7% |
Housing Supply in Veradale, WA
How many homes are available in Veradale, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 56 | +1.8% |
Summary: The Veradale real estate market had 56 homes for sale in March 2024, a 1.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Veradale 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 decreased by 13%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Veradale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Veradale in March 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Veradale, WA
How long does it take to sell a home in Veradale, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 41 Days | +78.1% |
Summary: Homes in Veradale had an average of 41 days on market in Mar 2024, up by 78.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Veradale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Veradale; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.