$5,344 Closing Credit*
$450,000
2,466 SqFt
3 Beds
•2 Baths
Cambria Henry, Listing Office: Haven Real Estate Group
Is Manito / Cannon Hill, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Manito / Cannon Hill has remained a Seller's Market.
Key Takeaway
Manito / Cannon Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manito / Cannon Hill, WA
How much do homes in Manito / Cannon Hill, WA cost?
Median Sold Price
$590,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,000(+10.3%)
Key Takeaway
Homes in Manito / Cannon Hill have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Manito / Cannon Hill was $590,000 in October 2024, up 10.3% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $423.5K | $370K | -12.6% |
| 3 Bedrooms | $487.4K | $478.2K | -1.9% |
| 4 Bedrooms | $595K | $633.6K | +6.5% |
| 5+ Bedrooms | $727.1K | $642.5K | -11.6% |
Summary: Manito / Cannon Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 11.6%.
Housing Supply in Manito / Cannon Hill, WA
How many homes are available in Manito / Cannon Hill, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Manito / Cannon Hill real estate market had 27 homes for sale in October 2024, a 6.9% decrease 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 | 1 | -50.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Manito / Cannon Hill 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manito / Cannon Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Manito / Cannon Hill in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Manito / Cannon Hill, WA
How long does it take to sell a home in Manito / Cannon Hill, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 16 Days | +320.8% |
Summary: Homes in Manito / Cannon Hill had an average of 16 days on market in Oct 2024, up by 320.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manito / Cannon Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Manito / Cannon Hill; 67% of homes were sold within 30 days, 33% 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.