$2,736 Closing Credit*
$230,400
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 Last Month
Last month, Millwood was a Neutral Market.
Key Takeaway
Millwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millwood, WA
How much do homes in Millwood, WA cost?
Median Sold Price
$487,000
$236/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$112,000(+29.9%)
Key Takeaway
Homes in Millwood have sold for 29.9% more than they did a month ago.
Summary: The median home sold price in Millwood was $487,000 in November 2024, up 29.9% from last month, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $375K | $559K | +49.1% |
| 4 Bedrooms | - | $415K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Millwood housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 49.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Millwood, WA
How many homes are available in Millwood, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Millwood real estate market had 5 homes for sale in November 2024, a 16.7% decrease 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 | 1 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Millwood 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Millwood in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 31 Days | +933.3% |
Summary: Homes in Millwood had an average of 31 days on market in Nov 2024, up by 933.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 November 2024, 2 homes were sold in Millwood; 50% of homes were sold within 30 days, 50% 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.