$5,047 Closing Credit*
$425,000
2,300 SqFt
4 Beds
•2 Baths
Cheryl Hartzog, Listing Office: R. C. Schwartz & Associates
Is 99216, 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, 99216 has remained a Seller's Market.
Key Takeaway
99216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 99216, WA
How much do homes in 99216, WA cost?
Median Sold Price
$415,000
$200/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in 99216 has remained the same since last year.
Summary: The median home sold price in 99216 was $415,000 in October 2024, the same as last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $309K | $310K | 0.3% |
| 3 Bedrooms | $400K | $410K | +2.5% |
| 4 Bedrooms | $435K | $419.6K | -3.5% |
| 5+ Bedrooms | $455K | $468K | +2.9% |
Summary: 99216 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in 99216, WA
How many homes are available in 99216, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Summary: The 99216 real estate market had 66 homes for sale in October 2024, a 1.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 31 | 27 | -12.9% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 99216 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99216, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 99216 in October 2024, down by 26.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for 99216, WA
How long does it take to sell a home in 99216, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +33.0% |
Summary: Homes in 99216 had an average of 29 days on market in Oct 2024, up by 33% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 99216 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 99216; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.