$950 Closing Credit*
$80,000
1,240 SqFt
2 Beds
•2 Full Baths
Dennis Folk, Listing Office: Terrafin
Is Spanaway, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Spanaway has remained a Seller's Market.
Key Takeaway
Spanaway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spanaway, WA
How much do homes in Spanaway, WA cost?
Median Sold Price
$492,250
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,250(+5.9%)
Key Takeaway
Homes in Spanaway have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Spanaway was $492,250 in November 2024, up 5.9% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427.5K | $409.9K | -4.1% |
| 2 Bedrooms | $367.4K | $405.5K | +10.3% |
| 3 Bedrooms | $440K | $465K | +5.7% |
| 4 Bedrooms | $515K | $543K | +5.4% |
| 5+ Bedrooms | $533.5K | $550K | +3.1% |
Summary: Spanaway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.1%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Graham | $516.9K | $555.5K | +7.5% |
| Spanaway | $465K | $492.2K | +5.9% |
| Graham-Thrift | $524.9K | $549.9K | +4.8% |
| Fort Lewis-DuPont | $517.4K | $510K | -1.4% |
Housing Supply in Spanaway, WA
How many homes are available in Spanaway, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 251 | 214 | -14.7% |
Summary: The Spanaway real estate market had 214 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 138 | 118 | -14.5% |
| 4 Bedrooms | 80 | 69 | -13.8% |
| 5+ Bedrooms | 18 | 12 | -33.3% |
Summary: The Spanaway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 49 | -21.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spanaway, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in Spanaway in November 2024, down by 21.0% month-over-month. Of the 49 sold homes, 16% were sold under asking, 27% were sold at asking, and 57% were sold over asking.
Days on Market for Spanaway, WA
How long does it take to sell a home in Spanaway, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 43 Days | -30.6% |
Summary: Homes in Spanaway had an average of 43 days on market in Nov 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spanaway are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 49 homes were sold in Spanaway; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service 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.