April 2021
All-time highs in buyer demand, low inventory continue to surge prices to new highs. Average Sales Price
Current Listing Inventory
Average Days On Market
$395,046
229
7
Up 30.1%
Down 71.1%
Down 53.3%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$356,500
558
2,059
Up 23%
Up 9.2%
Up 1.6%
April 2021, as compared to April 2020. Information pulled on 05/01/2021 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.
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Spokane County Market Report | April 2021
Average Days On Market For the month of April 2021, month/year comparison 80
2017
2018
2019
2020
2021
70 60 50 40 30 20
17
13
10
7
10 0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Annual Average Sales Price Year-to-date as of April $368
$360K
$297
$300K $240K $180K
$163
$172
$178
$186
2012
2013
2014
2015
$200
$215
2016
2017
$239
$266
$120K $60K $0K 2018
2019
2020
2021
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
3.90% 3.70% 3.50%
3.33%
3.30%
3.23%
3.18%
3.15% 2.99%
3.10%
2.91%
2.90%
2.88%
2.98%
2.97% 2.81%
2.71%
2.67%
Nov '20
De c '20
2.70%
2.73%
2.50% Apr '20
May '20 June '20 July '20
Aug '20
Sep '20
Oct '20
Jan '21
Feb '21
Mar '21
Apr '21
Spokane County Market Report | April 2021
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Active Residential Listings As of 5/1/2021, month/year comparison
2017
2018
2019
2020
2021
2000 1500 1000 500
163
229
163
136
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 5/1/2021
125
2020
100
0-$150K 5%
116
87 77
75 50
2021
96
87
84
44 16
25
31
16 12
$250K-300K 10%
68
58 28 30
28
40
35 15
15
Spokane County Market Report | April 2021
$6 00 K+
$1 50 -2 00 K 20 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 K $3 50 K$4 00 K $4 00 K$4 50 K $4 50 K$5 00 K $5 00 K$6 00 K
0$1 50 K
0
4
$150-200K 4% 200K-$250K 9%
$600K+ 30%
$300K-$350K 9%
$500K-$600K 12% $450K-$500K 5%
$400K-$450K 5%
$350K-$400K 11%
4512 S St Andrews Ln, Spokane
Residential Closed Sales For the month of of April 2021, month/year comparison
2017
1000
2018
2019
2020
2021
750 567 442
500
558
424
250 0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Sold Listings By Price Range Year-over-year comparison for the month of April
150
2020 113
125 96
100
92
82
75
102 101
70 56
45
41
50
28
33
28
$400K-$450K 10% $450K-$500K 7%
$300K-$350K 15%
97 60
59
$350K-$400K 15%
2021
26
48 16
25
$500K-$600K 8%
31
28 5
2
13
$250K-300K 14%
$600K-$800K 7%
+ $1 M
0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M
0 200K-$250K 9% $150-200K 4%
$800K-$1M 5%
0-$150K 4%
Annual Residential Sales Year-to-date as of April
2085 2000 1500
1395
1406
2013
2014
1725
1772
1809
2015
2016
2017
2026
2059
2020
2021
1798
1158
1000 500 0 2012
2018
2019
Spokane County Market Report | April 2021
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of April 2400
New
Re-Sa le
2000 1600 1200 800
1534
1527
1601
1844
1569
1706
1742
1188
1228
119
207
178
191
245
208
241
229
320
324
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
1039
400 0
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of April $500K
Re-Sa le
$433
New
$400K $300K $200K
$156
$204
$188
$174
$165
$158
$342
$305
$276
$275
$268
$250
$226
$377
$356
$282
$250
$225
$374
$100K $0K 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Average Price Per Square Foot Monthly Re-Sale vs New Construction comparison
$220
Re-Sa le
New
$189 $180 $145
$145
May '20
June '20
$149
$189
$181
$178
$177
$155
$155
Aug '20
Sep '20
$155
$194
$189
$152
$154
Nov '20
De c '20
$213
$210
$206 $195
$189 $157
$165
$172
$177
$140
$100
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July '20
Spokane County Market Report | April 2021
Oct '20
Jan '21
Feb '21
Mar '21
Apr '21
Annual New Construction Sales Year-to-date as of April
400 350
320
324
2020
2021
300 250
245
241
229
208 200 150 100 50 0 2016
2017
2018
2019
Comparison New Construction Sales YTD year-over-year comparison as of April
2020
2021
150
141
138
125
100
75
50
74
70
64 46
41
41
25
0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | April 2021
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