Is North Indian Trail, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Indian Trail has remained a Seller's Market.
Key Takeaway
North Indian Trail is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Indian Trail, WA
How much do homes in North Indian Trail, WA cost?
Median Sold Price
$459,995
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Indian Trail have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in North Indian Trail was $459,995 in May 2024, down 6.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $525K | $367.4K | -30.0% |
| 3 Bedrooms | $429.9K | $429.2K | -0.2% |
| 4 Bedrooms | $480K | $449.9K | -6.3% |
| 5+ Bedrooms | $578.9K | $530K | -8.4% |
Summary: North Indian Trail housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 8.4%.
Housing Supply in North Indian Trail, WA
How many homes are available in North Indian Trail, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 72 | +9.1% |
Summary: The North Indian Trail real estate market had 72 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 34 | 39 | +14.7% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The North Indian Trail housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Indian Trail, expect to pay close to the asking price. 56% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in North Indian Trail in May 2024, up by 66.7% month-over-month. Of the 25 sold homes, 8% were sold under asking, 56% were sold at asking, and 36% were sold over asking.
Days on Market for North Indian Trail, WA
How long does it take to sell a home in North Indian Trail, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 17 Days | -44.7% |
Summary: Homes in North Indian Trail had an average of 17 days on market in May 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Indian Trail are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in North Indian Trail; 72% of homes were sold within 30 days, 28% 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.