April 2024
851
6
1,543
Median Days On Market
As of 5/1/2024. By month dating from January 2020 to April 2024. Days on Market is the median number of days between when a property is listed and the contract date.
Annual Median Sales Price
$245 $277 $337 $413 $399 $413 $200K $250K $300K $350K $400K 2019 2020 2021 2022 2023 2024 Average Sales Price Current Listing Inventory Median Days On Market $453,317 Up 0.
prior month Up
prior year Median
Price
Up 2. 4 % from prior month Up 3. 6 % from prior year
1 % from
2. 6 % from
Sales
$ 429,900
Up 12. 7 % from prior month Up 22. 8 % from prior year
Down 9. 7 % from prior month Down 3.6% from prior year Residential Closed Sales
429
Down 33.3% from prior month Even 0.0% from prior year
Down 0.5%
prior year Annual Residential Closed
Spokane County Market Report | December 2022 2 Information pulled on 05/01/2024 The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
from
Sales
Year -
date
April. Median Sales Price is the mid - point (median) value where the price for half of the closed sales is higher and half is lower. 12 5 4 6 5 4 5 5 5 6 6 5 4 3 4 4 4 4 5 5 5 7 8 7 4 4 4 4 5 6 10 14 17 16 22 31 23 9 7 6 7 8 12 14 15 20 20 28 20 14 10 6 0 5 10 15 20 25 30 35 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04
to -
as of
Spokane County Market Report | April 2024 2
Months Supply of Inventory
As of 5/1/2024. By month dating from January 2020 to April 2024. Months Supply of Inventory is the number of months it would take to sell the available inventory at the current rate.
Sale-to-List Price Ratio
As of 5/1/2024. By month dating from January 2020 to April 2024. Sale - to - List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.
Monthly Mortgage Rates
Monthly 30 - year fixed mortgage rates highlighting the week ending Thursday, April 25, 2024.
1.3 1.2 1.2 1.3 1.3 0.8 0.7 0.7 0.7 0.6 0.5 0.3 0.5 0.4 0.4 0.4 0.4 0.4 0.6 0.6 0.8 0.8 0.6 0.4 0.5 0.6 0.5 0.7 0.8 1.1 1.7 1.6 1.8 2.1 2.1 1.7 2.3 2 1.3 1.7 1.5 1.7 2.3 2 2.3 2.7 2.9 2.1 2.9 2.2 1.8 2 0 0.4 0.8 1.2 1.6 2 2.4 2.8 3.2 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2020-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04
99.4% 101.3% 101.5% 101.7% 101.2% 105.4% 105.3% 103.0% 101.4% 105.0% 101.2% 99.4% 98.7% 99.8% 99.8% 99.1% 98.7% 100.0% 98.0% 99.0% 100.0% 101.0% 102.0% 103.0% 104.0% 105.0% 106.0% 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04 Spokane County Market Report | April 2024 3
6.43% 6.79% 6.71% 6.81% 7.18% 7.31% 7.79% 7.22% 6.61% 6.63% 6.94% 6.79% 7.17% 6.00% 6.25% 6.50% 6.75% 7.00% 7.25% 7.50% 7.75% 8.00% Apr '23 May '23 June '23 July '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24
Active Residential Listings
As of 5/1/2024. By month dating from January 2020 to April 2024. Active Inventory is the number of properties for sales at the end of the month, based on the contract date.
Active Listings By Price Range
New Residential Listings
As of 5/1/2024. By month dating from January 2020 to April 2024. New Listings is the number of properties listed regardless of current status
Spokane County Market Report | April 2024 4
583 709 677 521 225 276 500 563 224 412 1008 1048 566 658 1,014 1096 703 851 0 200 400 600 800 1000 1200 1400 1600 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04 1 3 12 26 24 75 80 87 123 162 59 62 3 9 26 37 59 112 93 94 141 190 91 117 0 25 50 75 100 125 150 175 0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M $1M+ 2023 2024 0-$150K 0% $150-200K 1% 200K-$250K 3%$250K-300K 4% $300K-$350K 6% $350K-$400K 11% $400K-$450K 10% $450K-$500K 10% $500K-$600K 14% $600K-$800K 20% $800K-$1M 9% $1M+ 12%
As of 5/1/2024.
638 686 1001 805 509 782 981 789 483 861 1001 658 517 748 798 643 631 664 200 400 600 800 1000 1200 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04
Residential Closed Sales
As of 5/1/2024. By month dating from January 2020 to April 2024. Closed Sales is the number of properties sold.
Sold Listings By Price Range
Year - over - year comparison for the month of April.
Annual Residential Closed Sales
Year - to - date as of April.
Spokane County Market Report | April 2024 5
458 548 928 870 465 654 849 732 432 607 604 456 250 377 444 402 245 429 200 300 400 500 600 700 800 900 1000 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-042023-07 2023-10 2024-01 2024-04
Closed Sales is the number of properties sold. 1811 2047 2165 1992 1551 1543 1500 1600 1700 1800 1900 2000 2100 2200 2300 2019 2020 2021 2022 2023 2024 2 7 8 32 39 63 65 50 43 54 11 12 2 6 16 32 66 64 81 68 65 64 15 12 0 20 40 60 80 100 0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M $1M+ 2023 2024 0-$150K 0% $150-200K 1% 200K-$250K 3% $250K-300K 7% $300K-$350K 13% $350K-$400K 13% $400K-$450K 17% $450K-$500K 14% $500K-$600K 13% $600K-$800K 13% $800K-$1M 3%
Annual Residential Closed Sales
Year - to - date Re - Sale vs New Construction as of April. Closed Sales is the number of properties sold.
Annual Median Sales Price
Year - to - date Re - Sale vs New Construction as of April. Sales Price is the mid - point (median) value where the price for half of the closed sales is higher and half is lower.
Median Price Per Square Foot
As of 5/1/2024. Monthly Re - Sale vs New Construction comparison. Price per Square Foot is the mid - point (median) PPSF of all closed listings.
230 322 342 277 265 339 1581 1725 1823 1715 1286 1204 0 400 800 1200 1600 2000 2400 2019 2020 2021 2022 2023 2024 New Re-Sale
$231 $263 $323 $390 $372 $392 $355 $344 $406 $495 $489 $460 $150K $200K $250K $300K $350K $400K $450K $500K $550K 2019 2020 2021 2022 2023 2024 Re-Sale New
$209 $205 $209 $203 $202 $194 $200 $195 $185 $193 $199 $215 $267 $259 $266 $257 $260 $254 $235 $248 $242 $238 $263 $240 $150 $175 $200 $225 $250 $275 $300 May '23 June '23 July '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 Re-Sale New Spokane County Market Report | April 2024 6
TheinformationinthisreportiscompiledfromareportgivenbytheSpokaneAssociationofREALTORS®andtothebestofourknowledgeisaccurateandcurrent.
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