Is 99208, 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, 99208 has remained a Seller's Market.
Key Takeaway
99208 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99208, WA
How much do homes in 99208, WA cost?
Median Sold Price
$450,363
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 99208 have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in 99208 was $450,363 in May 2024, down 3.1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $275K | +25.0% |
| 2 Bedrooms | $262.2K | $251K | -4.3% |
| 3 Bedrooms | $417.8K | $416.4K | -0.3% |
| 4 Bedrooms | $466.4K | $449.9K | -3.5% |
| 5+ Bedrooms | $642.5K | $575K | -10.5% |
Summary: 99208 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 10.5%.
Housing Supply in 99208, WA
How many homes are available in 99208, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 248 | 312 | +25.8% |
Summary: The 99208 real estate market had 312 homes for sale in May 2024, a 25.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 14 | +133.3% |
| 3 Bedrooms | 75 | 86 | +14.7% |
| 4 Bedrooms | 99 | 123 | +24.2% |
| 5+ Bedrooms | 67 | 88 | +31.3% |
Summary: The 99208 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 increased by 133.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 87 | +64.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99208, expect to pay close to the asking price. 43% of homes here sold near the asking price last month.
Summary: A total of 87 homes were sold or pending in 99208 in May 2024, up by 64.2% month-over-month. Of the 86 sold homes, 20% were sold under asking, 43% were sold at asking, and 37% were sold over asking.
Days on Market for 99208, WA
How long does it take to sell a home in 99208, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 19 Days | -2.2% |
Summary: Homes in 99208 had an average of 19 days on market in May 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99208 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 87 homes were sold in 99208; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.