$5,819 Closing Credit*
$490,000
3,304 SqFt
5 Beds
•3 Baths
Jill Klinke, Listing Office: Windermere Manito, LLC
Is South Indian Trail, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, South Indian Trail has remained a Seller's Market.
Key Takeaway
South Indian Trail is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Indian Trail, WA
How much do homes in South Indian Trail, WA cost?
Median Sold Price
$421,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+0.6%)
Key Takeaway
Homes in South Indian Trail have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in South Indian Trail was $421,500 in October 2024, up 0.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $243.5K | $241K | -1.0% |
| 3 Bedrooms | $455K | $410K | -9.9% |
| 4 Bedrooms | $418.2K | $427K | +2.1% |
| 5+ Bedrooms | $422.5K | $475K | +12.4% |
Summary: South Indian Trail 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 decreased by 1%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in South Indian Trail, WA
How many homes are available in South Indian Trail, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The South Indian Trail real estate market had 20 homes for sale in October 2024, a 13.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The South Indian Trail housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Indian Trail, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in South Indian Trail in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for South Indian Trail, WA
How long does it take to sell a home in South Indian Trail, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 19 Days | -4.1% |
Summary: Homes in South Indian Trail had an average of 19 days on market in Oct 2024, down by 4.1% 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
Key Takeaway
Many homes in South Indian Trail are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in South Indian Trail; 67% of homes were sold within 30 days, 33% 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.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.