Is Spokane Valley, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$416,183
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$1,789(+0.4%)
Key Takeaway
The sold price of homes in Spokane Valley has remained the same since last year.
Summary: The median home sold price in Spokane Valley was $416,183 in August 2024, up 0.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179K | $185K | + 3.4% |
2 Bedrooms | $295K | $300K | + 1.7% |
3 Bedrooms | $400K | $407K | + 1.8% |
4 Bedrooms | $440K | $440K | 0.0% |
5+ Bedrooms | $500K | $494.9K | -1.0% |
Summary: Spokane Valley housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
CITY | Aug 2023 | Aug 2024 | CHANGE |
---|---|---|---|
Millwood | $315K | $385K | + 22.2% |
Veradale | $505K | $530K | + 5.0% |
Liberty Lake | $526.9K | $549.6K | + 4.3% |
Spokane Valley | $414.3K | $416.1K | 0.4% |
Greenacres | $525K | $485K | -7.6% |
Housing Supply in Spokane Valley, WA
How many homes are available in Spokane Valley, WA?
Number of Homes For Sale
Jul 2024 | Aug 2024 | CHANGE |
---|---|---|
381 | 399 | +4.7% |
Summary: The Spokane Valley real estate market had 399 homes for sale in August 2024, a 4.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 8 | -11.1% |
2 Bedrooms | 35 | 29 | -17.1% |
3 Bedrooms | 142 | 148 | + 4.2% |
4 Bedrooms | 124 | 142 | + 14.5% |
5+ Bedrooms | 71 | 72 | + 1.4% |
Summary: The Spokane Valley housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
Jul 2024 | Aug 2024 | CHANGE |
---|---|---|
106 | 92 | -13.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spokane Valley, you could pay more than the asking price. 35.9% of homes here sold above asking price last month.
Summary: A total of 92 homes were sold or pending in Spokane Valley in August 2024, down by 13.2% month-over-month. Of the 92 sold homes, 30% were sold under asking, 34% were sold at asking, and 36% 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
Aug 2023 | Aug 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +10.8% |
Summary: Homes in Spokane Valley had an average of 25 days on market in Aug 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
5 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 August 2024, 92 homes were sold in Spokane Valley; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 15 Days Ago
Local real estate agents are ready to help you find a home here.
Connect With An Agent
Sell your home with an expert or get the job done on your own.
Sell My Home
Get a customizable mortgage solution based on today's rates.
Get Approved
Newest Listings in Spokane Valley, WA
What homes are available in Spokane Valley, WA?
See More Listings
$8,134 Closing Credit*
$685,000
4,268 SqFt
5 Beds
•
5 Baths
4907 N Bolivar Rd, Spokane Valley WA, 99216
Timothy Ray, Listing Office: Kelly Right Real Estate of Spokane
$6,115 Closing Credit*
$514,950
1,497 SqFt
3 Beds
•
2 Baths
5508 N Bear Ct, Spokane Valley WA, 99216
Kelly Hettinger, Listing Office: Amplify Real Estate Services
$5,938 Closing Credit*
$500,000
3,244 SqFt
4 Beds
•
3 Baths
12306 E 19th Ave, Spokane Valley WA, 99216
Lyndsey Zarn, Listing Office: eXp Realty, LLC
$6,234 Closing Credit*
$525,000
2,023 SqFt
4 Beds
•
3 Baths
18911 E Augusta Ln, Greenacres WA, 99016
Chris Connelly, Listing Office: Windermere North
$5,284 Closing Credit*
$445,000
2,520 SqFt
4 Beds
•
3 Baths
11827 E Skyview Ave, Spokane Valley WA, 99206
Lee Ferrari, Listing Office: Redfin
$5,224 Closing Credit*
$439,900
2,824 SqFt
4 Beds
•
3 Baths
11925 E Skyview Ave, Spokane Valley WA, 99206
Gina Snyder, Listing Office: John L Scott, Spokane Valley
$5,213 Closing Credit*
$439,000
1,812 SqFt
3 Beds
•
2 Baths
403 N Calvin Ln, Spokane Valley WA, 99216
Michael Shannon, Listing Office: Coldwell Banker Tomlinson
$5,759 Closing Credit*
$485,000
2,206 SqFt
5 Beds
•
3 Baths
1216 S Pierce St, Spokane Valley WA, 99206
Lonnie Castillo, Listing Office: Deese Real Estate
$4,928 Closing Credit*
$415,000
2,087 SqFt
4 Beds
•
2 Baths
12924 E Mission Ave, Spokane Valley WA, 99216
Chris Montgomery, Listing Office: Keller Williams Spokane - Main
$3,266 Closing Credit*
$275,000
3 Beds
•
2 Baths
1215 S University Rd, Spokane Valley WA, 99206
Collin Kelley, Listing Office: eXp Realty, LLC
$6,531 Closing Credit*
$550,000
3,286 SqFt
4 Beds
•
3 Baths
11420 E 18th Ave, Spokane Valley WA, 99206
Joe Olney, Listing Office: Coldwell Banker Tomlinson
$4,216 Closing Credit*
$355,000
1,724 SqFt
4 Beds
•
2 Baths
7402 E 9th Ave, Spokane Valley WA, 99212
Brandon Marchand, Listing Office: Keller Williams Spokane - Main
Nearby Markets to Spokane Valley, WA
What housing markets are near Spokane Valley, WA?
- Veradale Housing Market
- Greenacres Housing Market
- Liberty Lake Housing Market
- Spokane Housing Market
- Mount Spokane Housing Market
MLS Disclaimers and Copyright
Based on information from Spokane Association of REALTORS® MLS, Northwest Multiple Listing Service, and Coeur d'Alene MLS for the period 09/01/2022 - 09/01/2024
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2024 Spokane Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/16/2024, 1:10:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at [email protected].
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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.
Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/16/2024, 1:17:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at [email protected].
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. Copyright © 2024 Coeur d’Alene Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/16/2024, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at [email protected].
- Rocket Homes›
- Washington›
- Spokane County›
- Spokane Valley
Popular Cities with Homes for Sale in Washington
- Homes For Sale in Auburn, WA
- Homes For Sale in Anacortes, WA
- Homes For Sale in Bellevue, WA
- Homes For Sale in Bellingham, WA
- Homes For Sale in Camas, WA
- Homes For Sale in Centralia-Chehalis, WA
- Homes For Sale in Federal Way, WA
- Homes For Sale in Lacey, WA
- Homes For Sale in Long Beach-North Beach Peninsula, WA
- Homes For Sale in Longview, WA
- Homes For Sale in Mount Vernon, WA
- Homes For Sale in Ocean Park, WA
- Homes For Sale in Olympia, WA
- Homes For Sale in Puyallup, WA
- Homes For Sale in Renton, WA
- Homes For Sale in Seattle, WA
- Homes For Sale in Shoreline, WA
- Homes For Sale in Spokane, WA
- Homes For Sale in Spokane Valley, WA
- Homes For Sale in Tacoma, WA
- Homes For Sale in Vancouver, WA