$10,000 Closing Credit*
$2,295,000
6,882 SqFt
5 Beds
•6 Baths
Tanya Starkel, Listing Office: REAL Broker LLC
Is Latah Valley, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Latah Valley was a Seller's Market.
Key Takeaway
Latah Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Latah Valley, WA
How much do homes in Latah Valley, WA cost?
Median Sold Price
$592,500
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$34,450(-5.5%)
Key Takeaway
Homes in Latah Valley have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Latah Valley was $592,500 in October 2024, down 5.5% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $220K | +25.7% |
| 2 Bedrooms | - | $415K | N/A |
| 3 Bedrooms | $559.4K | $508.9K | -9.0% |
| 4 Bedrooms | $607.4K | $604.5K | -0.5% |
| 5+ Bedrooms | $790K | $727.5K | -7.9% |
Summary: Latah Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes did not change, 3 bedroom homes decreased by 9%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Comstock Park | $722K | $889.9K | +23.3% |
| Manito / Cannon Hill | $535K | $590K | +10.3% |
| Latah Valley | $626.9K | $592.5K | -5.5% |
Housing Supply in Latah Valley, WA
How many homes are available in Latah Valley, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 51 | +8.5% |
Summary: The Latah Valley real estate market had 51 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Latah Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
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 Latah Valley, 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 Latah Valley in October 2024, down by 14.3% 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 Latah Valley, WA
How long does it take to sell a home in Latah Valley, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 38 Days | +77.7% |
Summary: Homes in Latah Valley had an average of 38 days on market in Oct 2024, up by 77.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Latah Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Latah Valley; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.