Is Spokane, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spokane is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Spokane has remained a Seller's Market.

Key Takeaway

Spokane is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Spokane, MO

How much do homes in Spokane, MO cost?

Median Sold Price

$310,000

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$10,000(-3.1%)

Key Takeaway

Homes in Spokane have sold for 3.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$122K
N/A
2 --
N/A
3 $255K$280K
+9.8%
4 $337.5K$349.9K
+3.7%
5+ $318K$310K
-2.5%

Summary: Spokane housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Cities

Spokane
-3.1%
South Galloway Township
-18.7%

Housing Supply in Spokane, MO

How many homes are available in Spokane, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
34+33.3%

Summary: The Spokane real estate market had 4 homes for sale in April 2024, a 33.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 11
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Spokane 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spokane, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Spokane in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Spokane, MO

How long does it take to sell a home in Spokane, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
2 Days42 Days+2000.0%

Summary: Homes in Spokane had an average of 42 days on market in Apr 2024, up by 2000% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Spokane has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Spokane; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 19 Days Ago

Newest Listings in Spokane, MO

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