$3,788 Closing Credit*
$319,000
1,840 SqFt
3 Beds
•1 Bath
Bryce Wetherell, Listing Office: eXp Realty, LLC
Is Emerson / Garfield, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Emerson / Garfield has remained a Seller's Market.
Key Takeaway
Emerson / Garfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emerson / Garfield, WA
How much do homes in Emerson / Garfield, WA cost?
Median Sold Price
$323,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$18,000(+5.9%)
Key Takeaway
Homes in Emerson / Garfield have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Emerson / Garfield was $323,000 in December 2024, up 5.9% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $199.5K | -13.3% |
| 2 Bedrooms | $250K | $262K | +4.8% |
| 3 Bedrooms | $311.5K | $317.5K | +1.9% |
| 4 Bedrooms | $335K | $352.5K | +5.2% |
| 5+ Bedrooms | $340K | $332.5K | -2.2% |
Summary: Emerson / Garfield housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in Emerson / Garfield, WA
How many homes are available in Emerson / Garfield, WA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 47 | 43 | -8.5% |
Summary: The Emerson / Garfield real estate market had 43 homes for sale in December 2024, a 8.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Emerson / Garfield housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Emerson / Garfield, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Emerson / Garfield in December 2024, up by 22.2% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.
Days on Market for Emerson / Garfield, WA
How long does it take to sell a home in Emerson / Garfield, WA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 16 Days | 18 Days | +9.9% |
Summary: Homes in Emerson / Garfield had an average of 18 days on market in Dec 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Emerson / Garfield are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 11 homes were sold in Emerson / Garfield; 73% of homes were sold within 30 days, 27% 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.
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 © 2025 Northwest MLS. All rights reserved.