$9,796 Closing Credit*
$824,900
4,110 SqFt
3 Beds
•2 Baths
Pam Fredrick, Listing Office: John L Scott, Spokane Valley
Is 99016, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 99016 has remained a Seller's Market.
Key Takeaway
99016 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99016, WA
How much do homes in 99016, WA cost?
Median Sold Price
$499,990
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,511(-1.9%)
Key Takeaway
Homes in 99016 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 99016 was $499,990 in October 2024, down 1.9% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $480K | $185K | -61.5% |
| 2 Bedrooms | $382.5K | $369.3K | -3.4% |
| 3 Bedrooms | $435K | $449.9K | +3.4% |
| 4 Bedrooms | $575K | $565K | -1.7% |
| 5+ Bedrooms | $748K | $800K | +7.0% |
Summary: 99016 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.5%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 7%.
Housing Supply in 99016, WA
How many homes are available in 99016, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 109 | -6.0% |
Summary: The 99016 real estate market had 109 homes for sale in October 2024, a 6.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 49 | 43 | -12.2% |
| 4 Bedrooms | 40 | 35 | -12.5% |
| 5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The 99016 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 28 | -31.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99016, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 28 homes were sold or pending in 99016 in October 2024, down by 31.7% month-over-month. Of the 27 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for 99016, WA
How long does it take to sell a home in 99016, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 37 Days | +24.7% |
Summary: Homes in 99016 had an average of 37 days on market in Oct 2024, up by 24.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99016 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in 99016; 68% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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.