$4,334 Closing Credit*
$365,000
2,428 SqFt
3 Beds
•1 Bath
Scott Wacenske, Listing Office: Kelly Right Real Estate of Spokane
Is 99205, 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, 99205 has remained a Seller's Market.
Key Takeaway
99205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99205, WA
How much do homes in 99205, WA cost?
Median Sold Price
$330,971
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,971(+1.8%)
Key Takeaway
Homes in 99205 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 99205 was $330,971 in October 2024, up 1.8% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $209.7K | -7.8% |
| 2 Bedrooms | $277K | $270K | -2.5% |
| 3 Bedrooms | $330K | $335K | +1.5% |
| 4 Bedrooms | $349K | $361K | +3.4% |
| 5+ Bedrooms | $399.9K | $399.9K | 0.0% |
Summary: 99205 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes did not change.
Housing Supply in 99205, WA
How many homes are available in 99205, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 221 | 260 | +17.6% |
Summary: The 99205 real estate market had 260 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 8 | -33.3% |
| 2 Bedrooms | 33 | 38 | +15.2% |
| 3 Bedrooms | 85 | 110 | +29.4% |
| 4 Bedrooms | 72 | 84 | +16.7% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The 99205 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99205, you may be able to get a good deal. 45.6% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in 99205 in October 2024, down by 1.7% month-over-month. Of the 57 sold homes, 46% were sold under asking, 14% were sold at asking, and 40% were sold over asking.
Days on Market for 99205, WA
How long does it take to sell a home in 99205, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +3.7% |
Summary: Homes in 99205 had an average of 23 days on market in Oct 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99205 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 57 homes were sold in 99205; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% 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.