$4,868 Closing Credit*
$409,950
2,084 SqFt
4 Beds
•3 Baths
Ella Boitano, Listing Office: Source Real Estate
Is 99216, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$419,100
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,100(+1.0%)
Key Takeaway
Homes in 99216 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 99216 was $419,100 in November 2024, up 1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $309K | $310K | 0.3% |
| 3 Bedrooms | $400K | $410K | +2.5% |
| 4 Bedrooms | $430K | $430K | 0.0% |
| 5+ Bedrooms | $448K | $478K | +6.7% |
Summary: 99216 housing prices by bedroom type for November 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 did not change, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 99216, WA
How many homes are available in 99216, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 60 | 61 | +1.7% |
Summary: The 99216 real estate market had 61 homes for sale in November 2024, a 1.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The 99216 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 99216, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 99216 in November 2024, the same as the previous month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 33 Days | -13.0% |
Summary: Homes in 99216 had an average of 33 days on market in Nov 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 99216 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 99216; 64% of homes were sold within 30 days, 21% 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.