$5,047 Closing Credit*
$425,000
2,300 SqFt
4 Beds
•2 Baths
Cheryl Hartzog, Listing Office: R. C. Schwartz & Associates
Is Spokane Valley, 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, Spokane Valley has remained a Seller's Market.
Key Takeaway
Spokane Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spokane Valley, WA
How much do homes in Spokane Valley, WA cost?
Median Sold Price
$419,908
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,909(+1.2%)
Key Takeaway
Homes in Spokane Valley have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Spokane Valley was $419,908 in October 2024, up 1.2% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $187.5K | +4.7% |
| 2 Bedrooms | $295K | $299K | +1.4% |
| 3 Bedrooms | $399.9K | $410K | +2.5% |
| 4 Bedrooms | $440K | $440K | 0.0% |
| 5+ Bedrooms | $490K | $500K | +2.0% |
Summary: Spokane Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Millwood | $347.4K | $385K | +10.8% |
| Veradale | $500K | $524K | +4.8% |
| Liberty Lake | $528.6K | $550K | +4.0% |
| Spokane Valley | $414.9K | $419.9K | +1.2% |
| Greenacres | $509.5K | $498.6K | -2.1% |
Housing Supply in Spokane Valley, WA
How many homes are available in Spokane Valley, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 344 | 374 | +8.7% |
Summary: The Spokane Valley real estate market had 374 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 28 | 27 | -3.6% |
| 3 Bedrooms | 120 | 135 | +12.5% |
| 4 Bedrooms | 126 | 134 | +6.3% |
| 5+ Bedrooms | 64 | 72 | +12.5% |
Summary: The Spokane Valley 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 decreased by 3.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 90 | +3.4% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spokane Valley, you may be able to get a good deal. 36.7% of homes here sold below asking price last month.
Summary: A total of 90 homes were sold or pending in Spokane Valley in October 2024, up by 3.4% month-over-month. Of the 90 sold homes, 37% were sold under asking, 36% were sold at asking, and 28% were sold over asking.
Days on Market for Spokane Valley, WA
How long does it take to sell a home in Spokane Valley, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 33 Days | +38.9% |
Summary: Homes in Spokane Valley had an average of 33 days on market in Oct 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spokane Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 90 homes were sold in Spokane Valley; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% 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.