Is Pend Oreille County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pend Oreille County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Pend Oreille County was a Seller's Market.

Key Takeaway

Pend Oreille County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pend Oreille County, WA

How much do homes in Pend Oreille County, WA cost?

Median Sold Price

$425,000

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,550(+7.5%)

Key Takeaway

Homes in Pend Oreille County have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Pend Oreille County was $425,000 in May 2024, up 7.5% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $435K$152.5K
-64.9%
2 $300K$422.5K
+40.8%
3 $366K$450K
+23.0%
4 $440K$483.5K
+9.9%
5+ $519.9K$463.4K
-10.9%

Summary: Pend Oreille County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.9%, 2 bedroom homes increased by 40.8%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 10.9%.

Median Sold Price Compared To Nearby Counties

Pend Oreille County
+7.5%
Spokane County
+0.9%
Stevens County
-2.0%

Housing Supply in Pend Oreille County, WA

How many homes are available in Pend Oreille County, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5778+36.8%

Summary: The Pend Oreille County real estate market had 78 homes for sale in May 2024, a 36.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 911
+22.2%
2 1215
+25.0%
3 1825
+38.9%
4 1417
+21.4%
5+ 410
+150.0%

Summary: The Pend Oreille County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pend Oreille County, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in Pend Oreille County in May 2024, up by 8.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% were sold over asking.

Days on Market for Pend Oreille County, WA

How long does it take to sell a home in Pend Oreille County, WA?

Average Sale Time

May 2023May 2024CHANGE
13 Days40 Days+193.8%

Summary: Homes in Pend Oreille County had an average of 40 days on market in May 2024, up by 193.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pend Oreille County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 13 homes were sold in Pend Oreille County; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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