$3,040 Closing Credit*
$256,000
2 Beds
•1 Bath
Bob Travis, Listing Office: Windermere Manito, LLC
Is Millwood, 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, Millwood was a Seller's Market.
Key Takeaway
Millwood 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 Millwood, WA
How much do homes in Millwood, WA cost?
Median Sold Price
$385,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,550(+10.8%)
Key Takeaway
Homes in Millwood have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Millwood was $385,000 in October 2024, up 10.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $254.8K | $275K | +7.9% |
| 3 Bedrooms | $357K | $380K | +6.4% |
| 4 Bedrooms | $362K | $402.5K | +11.2% |
| 5+ Bedrooms | $387.5K | $395K | +1.9% |
Summary: Millwood 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 increased by 7.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Millwood | $347.4K | $385K | +10.8% |
| Spokane Valley | $414.9K | $419.9K | +1.2% |
Housing Supply in Millwood, WA
How many homes are available in Millwood, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Millwood real estate market had 7 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Millwood 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 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Millwood, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Millwood in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Millwood, WA
How long does it take to sell a home in Millwood, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 3 Days | -70.0% |
Summary: Homes in Millwood had an average of 3 days on market in Oct 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Millwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Millwood; 100% of homes were sold within 30 days, 0% 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.