Is Spokane County, 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, Spokane County has remained a Seller's Market.
Key Takeaway
Spokane County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spokane County, WA
How much do homes in Spokane County, WA cost?
Median Sold Price
$420,753
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Spokane County have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Spokane County was $420,753 in April 2024, down 0.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.9K | $214.5K | -4.7% |
| 2 Bedrooms | $285K | $280.3K | -1.6% |
| 3 Bedrooms | $390K | $395.6K | +1.4% |
| 4 Bedrooms | $463.1K | $454.2K | -1.9% |
| 5+ Bedrooms | $600K | $574.9K | -4.2% |
Summary: Spokane County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Counties
| Kootenai County | $577.5K | $689.5K | +19.4% |
| Lincoln County | $242K | $268.3K | +10.9% |
| Stevens County | $360.3K | $361.5K | 0.3% |
| Spokane County | $423.8K | $420.7K | -0.7% |
Housing Supply in Spokane County, WA
How many homes are available in Spokane County, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,655 | 2,033 | +22.8% |
Summary: The Spokane County real estate market had 2,033 homes for sale in April 2024, a 22.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 42 | +31.3% |
| 2 Bedrooms | 169 | 203 | +20.1% |
| 3 Bedrooms | 569 | 689 | +21.1% |
| 4 Bedrooms | 556 | 675 | +21.4% |
| 5+ Bedrooms | 329 | 424 | +28.9% |
Summary: The Spokane County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 28.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 456 | 473 | +3.7% |
Asking Price vs. Sold Price
153 Homes Were Sold
Under Asking
159 Homes Were Sold
At Asking
160 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spokane County, you could pay more than the asking price. 33.9% of homes here sold above asking price last month.
Summary: A total of 473 homes were sold or pending in Spokane County in April 2024, up by 3.7% month-over-month. Of the 472 sold homes, 32% were sold under asking, 34% were sold at asking, and 34% were sold over asking.
Days on Market for Spokane County, WA
How long does it take to sell a home in Spokane County, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 27 Days | +3.1% |
Summary: Homes in Spokane County had an average of 27 days on market in Apr 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
336 Homes Were Sold
Under 30 Days
98 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spokane County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 473 homes were sold in Spokane County; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% 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.