$2,849 Closing Credit*
$239,900
736 SqFt
2 Beds
•1 Bath
Wendy Hughes, Listing Office: Amplify Real Estate Services
Is Minnehaha, 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, Minnehaha was a Seller's Market.
Key Takeaway
Minnehaha 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 Minnehaha, WA
How much do homes in Minnehaha, WA cost?
Median Sold Price
$330,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+7.5%)
Key Takeaway
Homes in Minnehaha have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Minnehaha was $330,000 in November 2024, up 7.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | - | N/A |
| 2 Bedrooms | $288.7K | $258K | -10.6% |
| 3 Bedrooms | $305K | $325K | +6.6% |
| 4 Bedrooms | $320K | $360.9K | +12.8% |
| 5+ Bedrooms | $317.4K | $415.9K | +31.0% |
Summary: Minnehaha housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 31%.
Housing Supply in Minnehaha, WA
How many homes are available in Minnehaha, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The Minnehaha real estate market had 26 homes for sale in November 2024, a 23.8% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 15 | +50.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Minnehaha 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 increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Minnehaha, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Minnehaha in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Minnehaha, WA
How long does it take to sell a home in Minnehaha, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 50 Days | +120.7% |
Summary: Homes in Minnehaha had an average of 50 days on market in Nov 2024, up by 120.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Minnehaha has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Minnehaha; 25% of homes were sold within 30 days, 75% 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.