Is Veradale, 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, Veradale has remained a Seller's Market.
Key Takeaway
Veradale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Veradale, WA
How much do homes in Veradale, WA cost?
Median Sold Price
$525,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Veradale have sold for 4% more than they did a year ago.
Summary: The median home sold price in Veradale was $525,000 in May 2024, up 4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $278K | N/A |
| 2 Bedrooms | $340K | $390K | +14.7% |
| 3 Bedrooms | $470K | $462K | -1.7% |
| 4 Bedrooms | $485K | $512.5K | +5.7% |
| 5+ Bedrooms | $642.5K | $585K | -8.9% |
Summary: Veradale 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 increased by 14.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Cities
| Veradale | $505K | $525K | +4.0% |
| Spokane Valley | $411K | $418K | +1.7% |
| Greenacres | $549.6K | $495.2K | -9.9% |
Housing Supply in Veradale, WA
How many homes are available in Veradale, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 66 | +17.9% |
Summary: The Veradale real estate market had 66 homes for sale in May 2024, a 17.9% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 17 | 27 | +58.8% |
| 5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The Veradale 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 decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 58.8%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Veradale, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Veradale in May 2024, the same as the previous month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Veradale, WA
How long does it take to sell a home in Veradale, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 21 Days | +37.1% |
Summary: Homes in Veradale had an average of 21 days on market in May 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Veradale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Veradale; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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.