Is Mount Spokane, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Spokane is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mount Spokane was a Seller's Market.

Key Takeaway

Mount Spokane is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mount Spokane, WA

How much do homes in Mount Spokane, WA cost?

Median Sold Price

$625,000

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,000(+0.5%)

Key Takeaway

The sold price of homes in Mount Spokane has remained the same since last year.

Summary: The median home sold price in Mount Spokane was $625,000 in October 2024, up 0.5% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $182K$125K
-31.3%
2 $350K$449K
+28.3%
3 $648.5K$540K
-16.7%
4 $622K$720K
+15.8%
5+ $750K$732.5K
-2.3%

Summary: Mount Spokane housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 28.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Cities

Colbert
+2.1%
Mount Spokane
0.5%
Mead
0.4%
Chattaroy
-12.4%

Housing Supply in Mount Spokane, WA

How many homes are available in Mount Spokane, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6459-7.8%

Summary: The Mount Spokane real estate market had 59 homes for sale in October 2024, a 7.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 76
-14.3%
2 66
0.0%
3 1713
-23.5%
4 1814
-22.2%
5+ 1620
+25.0%

Summary: The Mount Spokane housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mount Spokane, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Mount Spokane in October 2024, down by 36.4% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Mount Spokane, WA

How long does it take to sell a home in Mount Spokane, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days25 Days+18.8%

Summary: Homes in Mount Spokane had an average of 25 days on market in Oct 2024, up by 18.8% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mount Spokane are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in Mount Spokane; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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