$189,000
0.13 Acres
Land
Marianne Bornhoft, 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 November 2023
At the same time last year, Latah Valley was a Seller's Market.
Key Takeaway
Latah Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Latah Valley, WA
How much do homes in Latah Valley, WA cost?
Median Sold Price
$591,823
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$33,176(-5.3%)
Key Takeaway
Homes in Latah Valley have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Latah Valley was $591,823 in November 2024, down 5.3% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $220K | +25.7% |
| 2 Bedrooms | - | $415K | N/A |
| 3 Bedrooms | $559.8K | $502.4K | -10.3% |
| 4 Bedrooms | $595K | $627K | +5.4% |
| 5+ Bedrooms | $795K | $727.5K | -8.5% |
Summary: Latah Valley housing prices by bedroom type for November 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 10.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Manito / Cannon Hill | $507.5K | $595K | +17.2% |
| Latah Valley | $625K | $591.8K | -5.3% |
Housing Supply in Latah Valley, WA
How many homes are available in Latah Valley, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 48 | +4.3% |
Summary: The Latah Valley real estate market had 48 homes for sale in November 2024, a 4.3% 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 | 2 | +100.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Latah Valley 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 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Latah Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Latah Valley in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 39 Days | +51.9% |
Summary: Homes in Latah Valley had an average of 39 days on market in Nov 2024, up by 51.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Latah Valley has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Latah Valley; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.