$4,038 Closing Credit*
$340,000
1,650 SqFt
2 Beds
•1 Bath
Jayke Bond, Listing Office: Coldwell Banker Tomlinson
Is East Central, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, East Central was a Seller's Market.
Key Takeaway
East Central is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Central, WA
How much do homes in East Central, WA cost?
Median Sold Price
$307,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,000(+2.3%)
Key Takeaway
Homes in East Central have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in East Central was $307,000 in November 2024, up 2.3% 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 | $275K | $215K | -21.8% |
| 2 Bedrooms | $254.8K | $250K | -1.9% |
| 3 Bedrooms | $320K | $315K | -1.6% |
| 4 Bedrooms | $330K | $360K | +9.1% |
| 5+ Bedrooms | $367.5K | $340K | -7.5% |
Summary: East Central housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.8%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in East Central, WA
How many homes are available in East Central, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 43 | -8.5% |
Summary: The East Central real estate market had 43 homes for sale in November 2024, a 8.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Central housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 6 | -57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Central, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in East Central in November 2024, down by 57.1% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for East Central, WA
How long does it take to sell a home in East Central, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 24 Days | +0.7% |
Summary: Homes in East Central had an average of 24 days on market in Nov 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Central are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in East Central; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.