Is 99202, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 99202 has remained a Seller's Market.
Key Takeaway
99202 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99202, WA
How much do homes in 99202, WA cost?
Median Sold Price
$305,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 99202 have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in 99202 was $305,000 in May 2024, down 6.2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $279K | +64.1% |
| 2 Bedrooms | $260K | $253K | -2.7% |
| 3 Bedrooms | $335K | $307K | -8.4% |
| 4 Bedrooms | $366K | $348.7K | -4.7% |
| 5+ Bedrooms | $481.5K | $375K | -22.1% |
Summary: 99202 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.1%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 22.1%.
Housing Supply in 99202, WA
How many homes are available in 99202, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 68 | +9.7% |
Summary: The 99202 real estate market had 68 homes for sale in May 2024, a 9.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The 99202 housing inventory by bedroom type for May 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 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 17 | -34.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99202, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 99202 in May 2024, down by 34.6% month-over-month. Of the 17 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for 99202, WA
How long does it take to sell a home in 99202, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 17 Days | -32.3% |
Summary: Homes in 99202 had an average of 17 days on market in May 2024, down by 32.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99202 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in 99202; 82% of homes were sold within 30 days, 18% 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.