Is Mount Spokane, 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, Mount Spokane was a Seller's Market.
Housing Prices in Mount Spokane, WA
How much do homes in Mount Spokane, WA cost?
Median Sold Price
$650,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Spokane was $650,000 in April 2024, up 5.7% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182K | $187.4K | +3.0% |
2 Bedrooms | $302.5K | $449K | +48.4% |
3 Bedrooms | $499K | $796.3K | +59.6% |
4 Bedrooms | $620K | $645K | +4.0% |
5+ Bedrooms | $850K | $740K | -12.9% |
Summary: Mount Spokane housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 48.4%, 3 bedroom homes increased by 59.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 12.9%.
Median Sold Price Compared To Nearby Cities
Mount Spokane | $615K | $650K | +5.7% |
Mead | $480K | $474.4K | -1.1% |
Colbert | $614.7K | $589K | -4.2% |
Newman Lake | $499K | $477.5K | -4.3% |
Chattaroy | $645K | $599.9K | -7.0% |
Housing Supply in Mount Spokane, WA
How many homes are available in Mount Spokane, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 43 | +34.4% |
Summary: The Mount Spokane real estate market had 43 homes for sale in April 2024, a 34.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 2 | 5 | +150.0% |
4 Bedrooms | 10 | 18 | +80.0% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Mount Spokane housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Mount Spokane in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Mount Spokane, WA
How long does it take to sell a home in Mount Spokane, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 19 Days | -46.3% |
Summary: Homes in Mount Spokane had an average of 19 days on market in Apr 2024, down by 46.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Mount Spokane; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.