Is Whitman, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Whitman was a Buyer's Market.
Key Takeaway
Whitman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Whitman, WA
How much do homes in Whitman, WA cost?
Median Sold Price
$285,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Whitman have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Whitman was $285,000 in April 2024, down 3.4% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.4K | $203K | -10.8% |
| 2 Bedrooms | $275K | $246.9K | -10.2% |
| 3 Bedrooms | $297.5K | $285K | -4.2% |
| 4 Bedrooms | $315.2K | $330K | +4.7% |
| 5+ Bedrooms | $283.4K | $293.2K | +3.5% |
Summary: Whitman housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in Whitman, WA
How many homes are available in Whitman, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Whitman real estate market had 17 homes for sale in April 2024, a 21.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Whitman housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Whitman, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Whitman in April 2024, up by 133.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Whitman, WA
How long does it take to sell a home in Whitman, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 13 Days | +19.5% |
Summary: Homes in Whitman had an average of 13 days on market in Apr 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Whitman are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Whitman; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.