Is Spanaway, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Spanaway has remained a Seller's Market.
Housing Prices in Spanaway, WA
How much do homes in Spanaway, WA cost?
Median Sold Price
$480,499
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spanaway was $480,499 in April 2024, up 2.1% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $359.9K | N/A |
2 Bedrooms | $387.5K | $389.9K | +0.6% |
3 Bedrooms | $444.8K | $450K | +1.2% |
4 Bedrooms | $520K | $525K | +1.0% |
5+ Bedrooms | $560K | $532K | -5.0% |
Summary: Spanaway 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 increased by 0.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
Graham | $522.9K | $537.2K | +2.7% |
Spanaway | $470.5K | $480.4K | +2.1% |
Graham-Thrift | $530K | $534.9K | +0.9% |
Fort Lewis-DuPont | $533K | $522.4K | -2.0% |
Housing Supply in Spanaway, WA
How many homes are available in Spanaway, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
190 | 193 | +1.6% |
Summary: The Spanaway real estate market had 193 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 91 | 104 | +14.3% |
4 Bedrooms | 67 | 58 | -13.4% |
5+ Bedrooms | 20 | 16 | -20.0% |
Summary: The Spanaway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 55 | -8.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Spanaway in April 2024, down by 8.3% month-over-month. Of the 55 sold homes, 22% were sold under asking, 27% were sold at asking, and 51% were sold over asking.
Days on Market for Spanaway, WA
How long does it take to sell a home in Spanaway, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 26 Days | -25.3% |
Summary: Homes in Spanaway had an average of 26 days on market in Apr 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Spanaway; 84% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.