Is Greenacres, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Greenacres was a Seller's Market.
Housing Prices in Greenacres, WA
How much do homes in Greenacres, WA cost?
Median Sold Price
$495,277
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greenacres was $495,277 in May 2024, down 9.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $735K | $225K | -69.4% |
2 Bedrooms | $417.5K | $370K | -11.4% |
3 Bedrooms | $447K | $445K | -0.4% |
4 Bedrooms | $597.5K | $550K | -7.9% |
5+ Bedrooms | $770.7K | $695K | -9.8% |
Summary: Greenacres housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.4%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
Veradale | $505K | $525K | +4.0% |
Liberty Lake | $530K | $544.5K | +2.7% |
Spokane Valley | $411K | $418K | +1.7% |
Greenacres | $549.6K | $495.2K | -9.9% |
Housing Supply in Greenacres, WA
How many homes are available in Greenacres, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
113 | 117 | +3.5% |
Summary: The Greenacres real estate market had 117 homes for sale in May 2024, a 3.5% 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 | 5 | 4 | -20.0% |
3 Bedrooms | 44 | 49 | +11.4% |
4 Bedrooms | 41 | 34 | -17.1% |
5+ Bedrooms | 23 | 30 | +30.4% |
Summary: The Greenacres 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 decreased by 20%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 30.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 19 | -44.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Greenacres in May 2024, down by 44.1% month-over-month. Of the 19 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Greenacres, WA
How long does it take to sell a home in Greenacres, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 32 Days | +49.5% |
Summary: Homes in Greenacres had an average of 32 days on market in May 2024, up by 49.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Greenacres; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.