December 2022
In December 2022, Spokane home prices were down 2.0% compared to last year, selling for a median price of $ 382,300. On median, homes in Spokane sell after 3 1 days on the market, up 342. 9 % from last year in December. There were 340 homes sold in December this year, down from 714 last year.
628
Dow n 4. 5 % from prior month Up 0. 6 % from prior year
Down 28. 7 % from prior month Up 130.0% from prior year
Residential Closed Sales
Annual Residential Closed Sales
6,632
Down 3. 2 % from prior month Down 2.0% from prior year
Down 20. 0 % from prior month Down 52. 4 % from prior year
Information pulled on 01/03/2023 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.
Average Sales Price Current Listing Inventory Median Days On Market $418,012
Median Sales Price $382,300
340
31
Up 47. 6 % from prior month Up 342. 9 % from prior year Spokane County Market Report | December 2022 2
Down 20. 4 % from prior year
41 21 20 18 20 22 26 27 29 29 35 45 28 24 19 17 18 20 23 14 9 12 15 17 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 0 10 20 30 40 50 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-072022-10 Median Days On Market As of 1/3/2023. By month dating from January 2018 to Decembe r 2022. Days on Market is the median number of days between when a property is listed and the contract date. Annual Median Sales Price Year - to - date as of December. Median Sales Price is the mid - point (median) value where the price for half of the closed sales is higher and half is lower. $210 $235 $260 $300 $370 $417 $0K $100K $200K $300K $400K $500K 2017 2018 2019 2020 2021 2022 Monthly Mortgage Rates Monthly 30 - year fixed mortgage rates highlighting the week ending Thursday, December 29, 2022. 3.11% 3.55% 3.89% 4.67% 5.10% 5.10% 5.70% 5.30% 5.66% 6.70% 7.08% 6.49% 6.42% 2.50% 3.25% 4.00% 4.75% 5.50% 6.25% 7.00% Dec '21 Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Oct '22 Nov '22 Dec '22 Spokane County Market Report | December 2022 3
Active
Spokane County Market Report | December 2022 4
Residential Listings
month
Inventory
the number of properties for sales
Active Listings By Price Range
915 1177 1457 1349 838 1090 1437 1053 583 709 677 521 225 276 500 563 224 412 1008 1048 628 0 200 400 600 800 1000 1200 1400 1600 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-072022-10 19 7 13 13 19 33 31 36 37 53 19 32 21 15 21 73 71 95 103 87 109 101 49 43 0 40 80 120 160 200 240 0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M $1M+ 2021 2022 0-$150K 3% $150-200K 2% 200K-$250K 3% $250K-300K 9% $300K-$350K 9% $350K-$400K 12% $400K-$450K 13% $450K-$500K 11% $500K-$600K 14% $600K-$800K 13% $800K-$1M 6% $1M+ 5% New Residential Listings As of 1/3/2023. By month dating from January 2018 to December 2022. New Listings is the number of properties listed regardless of current status. 648 961 993 800 614 976 1055 819 638 686 1001 805 509 782 981 789 483 861 1001 658 303 200 400 600 800 1000 1200 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-072022-10
As of 1/3/2023. By
dating from January 2018 to December 2022. Active
is
at the end of the month, based on the contract date.
As of 1/3/2023.
Spokane County Market Report | December 2022 5 Residential Closed Sales As of 1/3/2023. By month dating from January 2018 to December 2022. Closed Sales is the number of properties sold. 472 620 911 697 368 574 860 851 458 548 928 870 465 654 849 732 432 607 604 456 340 300 400 500 600 700 800 900 1000 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-072022-10 Annual Residential Closed Sales Year - to - date as of December. Closed Sales is the number of properties sold. 8224 8348 7983 8268 8336 6632 6200 6500 6800 7100 7400 7700 8000 8300 8600 2017 2018 2019 2020 2021 2022 14 19 54 79 114 104 114 60 107 85 16 19 10 15 21 61 70 54 43 38 50 36 20 8 0 30 60 90 120 150 0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M $1M+ 2021 2022 0-$150K 3% $150-200K 2% 200K-$250K 6% $250K-300K 11% $300K-$350K 14% $350K-$400K 14% $400K-$450K 11% $450K-$500K 9% $500K-$600K 11% $600K-$800K 11% $800K-$1M 4% Sold Listings By Price Range Year - over - year comparison for the month of December.
Sale-to-List Price Ratio
As of 1/3/2023. By month dating from January 2018 to December 2022.
- to - List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.
1.9 2.3 1.7 1.9 1.8 1.5 1.61.6 2 1.9 1.6 1.3 2.3 2 1.91.9 1.81.8 1.7 1.3 1.4 1.2 1.4 0.9 1.3 1.21.2 1.31.3 0.8 0.70.70.7 0.6 0.5 0.3 0.5 0.40.40.40.40.4 0.60.6 0.80.8 0.6 0.4 0.5 0.6 0.5 0.7 0.8 1.1 1.71.7 2 2.3 2.4 1.8 0 0.3 0.6 0.9 1.2 1.5 1.8 2.1 2.4
99.4% 100.6% 101.0% 99.9% 99.6% 101.3% 101.2% 100.3% 99.4% 101.3% 101.5% 101.7% 101.2% 105.4% 105.3% 103.0% 101.4% 105.0% 101.2% 99.2% 98.7% 98.0% 99.0% 100.0% 101.0% 102.0% 103.0% 104.0% 105.0% 106.0% 107.0% 108.0% 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-072022-10 Spokane County Market Report | December 2022 6
Sale
2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042020-072022-10
797 838 919 1095 1000 805 7427 7510 7064 7173 7336 5827 0 1500 3000 4500 6000 7500 9000 2017 2018 2019 2020 2021 2022 New Re-Sale Annual Residential Closed Sales Year - to - date Re - Sale vs New Construction as of December. Closed Sales is the number of properties sold. Annual Median Sales Price Year - to - date Re - Sale vs New Construction as of Decembe r Sales Price is the mid - point (median) value where the price for half of the closed sales is higher and half is lower. $200 $225 $250 $288 $360 $400 $301 $337 $355 $364 $445 $500 $150K $225K $300K $375K $450K $525K 2017 2018 2019 2020 2021 2022 Re-Sale New Median Price Per Square Foot As of 1/3/2023. Monthly Re - Sale vs New Construction comparison. Price per Square Foot is the mid - point (median) PPSF of all closed listings. $192 $203 $211 $223 $218 $221 $206 $206 $202 $195 $196 $181 $266 $243 $246 $273 $265 $269 $270 $267 $267 $258 $256 $249 $175 $200 $225 $250 $275 $300 Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Oct '22 Nov '22 Dec '22 Re-Sale New Spokane County Market Report | December 2022 7
