Is Liberty Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Liberty Lake has remained a Seller's Market.
Housing Prices in Liberty Lake, WA
How much do homes in Liberty Lake, WA cost?
Median Sold Price
$544,500
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Liberty Lake was $544,500 in May 2024, up 2.7% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279K | $246.9K | -11.5% |
2 Bedrooms | $425K | $427.5K | +0.6% |
3 Bedrooms | $507.5K | $489.4K | -3.6% |
4 Bedrooms | $617.9K | $592.5K | -4.1% |
5+ Bedrooms | $832.5K | $710K | -14.7% |
Summary: Liberty Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Cities
Liberty Lake | $530K | $544.5K | +2.7% |
Greenacres | $549.6K | $495.2K | -9.9% |
Housing Supply in Liberty Lake, WA
How many homes are available in Liberty Lake, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 119 | +13.3% |
Summary: The Liberty Lake real estate market had 119 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 13 | 19 | +46.2% |
3 Bedrooms | 29 | 33 | +13.8% |
4 Bedrooms | 42 | 37 | -11.9% |
5+ Bedrooms | 18 | 25 | +38.9% |
Summary: The Liberty Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 46.2%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 38.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Liberty Lake in May 2024, up by 4.2% month-over-month. Of the 25 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Liberty Lake, WA
How long does it take to sell a home in Liberty Lake, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 17 Days | -45.8% |
Summary: Homes in Liberty Lake had an average of 17 days on market in May 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Liberty Lake; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.