$5,694 Closing Credit*
$479,500
1,647 SqFt
3 Beds
•2 Baths
Jared Urbick, Listing Office: Kelly Right Real Estate of Spokane
Is Minnehaha, 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, Minnehaha was a Seller's Market.
Key Takeaway
Minnehaha is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Minnehaha, WA
How much do homes in Minnehaha, WA cost?
Median Sold Price
$330,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+6.5%)
Key Takeaway
Homes in Minnehaha have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Minnehaha was $330,000 in October 2024, up 6.5% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | - | N/A |
| 2 Bedrooms | $288.7K | $330K | +14.3% |
| 3 Bedrooms | $310K | $325K | +4.8% |
| 4 Bedrooms | $342.5K | $361.8K | +5.6% |
| 5+ Bedrooms | $317.4K | $415.9K | +31.0% |
Summary: Minnehaha 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 14.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Neighborhoods
| Bell Park | $295.5K | $314.9K | +6.6% |
| Minnehaha | $310K | $330K | +6.5% |
Housing Supply in Minnehaha, WA
How many homes are available in Minnehaha, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Minnehaha real estate market had 23 homes for sale in October 2024, a 9.5% increase 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Minnehaha 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 increased by 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Minnehaha, 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 Minnehaha in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 8 Days | -59.0% |
Summary: Homes in Minnehaha had an average of 8 days on market in Oct 2024, down by 59% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Minnehaha are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Minnehaha; 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.