$6,234 Closing Credit*
$524,990
2,211 SqFt
4 Beds
•3 Baths
Treyson Leja Meyer, Listing Office: New Home Star Washington, LLC
Is Five Mile / Prairie, 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, Five Mile / Prairie has remained a Seller's Market.
Key Takeaway
Five Mile / Prairie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Five Mile / Prairie, WA
How much do homes in Five Mile / Prairie, WA cost?
Median Sold Price
$544,465
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$30,535(-5.3%)
Key Takeaway
Homes in Five Mile / Prairie have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Five Mile / Prairie was $544,465 in December 2024, down 5.3% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $360K | - | N/A |
| 3 Bedrooms | $508K | $442.2K | -12.9% |
| 4 Bedrooms | $542.5K | $562.5K | +3.7% |
| 5+ Bedrooms | $685.9K | $650K | -5.2% |
Summary: Five Mile / Prairie housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 5.2%.
Housing Supply in Five Mile / Prairie, WA
How many homes are available in Five Mile / Prairie, WA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 47 | 34 | -27.7% |
Summary: The Five Mile / Prairie real estate market had 34 homes for sale in December 2024, a 27.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 17 | 9 | -47.1% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Five Mile / Prairie 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 47.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Five Mile / Prairie, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Five Mile / Prairie in December 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Five Mile / Prairie, WA
How long does it take to sell a home in Five Mile / Prairie, WA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 52 Days | +87.7% |
Summary: Homes in Five Mile / Prairie had an average of 52 days on market in Dec 2024, up by 87.7% compared to last year.
Breakdown of Home Sale Times
4 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 Five Mile / Prairie are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 9 homes were sold in Five Mile / Prairie; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.