February 2021
Stark inventory lows continue to drive increasingly high demand and high prices. Average Sales Price
Current Listing Inventory
Average Days On Market
$355,843
136
13
Up 23.9%
Down 73%
Down 58.1%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$326,888
424
866
Up 22%
Down 3.9%
Down 3.4%
February 2021, as compared to February 2020. Information pulled on 03/01/2021 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 | February 2021
Average Days On Market For the month of February 2021, month/year comparison 80
2017
2018
2019
2020
2021
70 60 50 40 30 20
17
13
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 February $351 $320K $240K $160K
$284
$259 $170
$183
$205
$170
$193
$156
2012
2013
2014
2015
2016
2017
$229
$80K $0K 2018
2019
2020
2021
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
3.90% 3.70% 3.50%
3.45% 3.29%
3.33%
3.30%
3.23%
3.15% 2.99%
3.10%
2.91%
2.90%
2.88%
2.97% 2.81%
2.71%
2.67%
Nov '20
De c '20
2.70%
2.73%
2.50% Feb '20
Mar '20
Apr '20
May '20 June '20 July '20
Aug '20
Sep '20
Oct '20
Jan '21
Feb '21
Spokane County Market Report | February 2021
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Active Residential Listings As of 3/1/2021, month/year comparison
2017
2018
2019
2020
2021
2000 1500 1000 500
163
136
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 3/1/2021
40
2020
32
20 10
21
19
16
15
33
30
27
30
2021
24
9
29 30
21 16
20
17
14
16
15
$150-200K 8% 200K-$250K 8%
$600K-$800K 15% $250K-300K 11% $500K-$600K 7%
$300K-$350K 10%
+ $1 M
0$1 50 K $1 50 -2 00 K 20 0K -$ 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
Spokane County Market Report | February 2021
0-$150K 4%
8
0
4
$1M+ 8%
25
24 20
15
$800K-$1M 8%
$450K-$500K 4%
$400K-$450K 9%
$350K-$400K 8%
4149 Garden Spot Rd, Spokane
Residential Closed Sales For the month of of February 2021, month/year comparison
2017
1000
2018
2019
2020
2021
750 442
500
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 February
100
100
86
2020 65
52
50
$400K-$450K 7% $450K-$500K 9%
62 49
39 25
12
50 41
34 24
25
$350K-$400K 13%
$300K-$350K 17%
83
80
75
75
2021
28
23 14
10
3
$250K-300K 17%
7
1
$500K-$600K 10%
4
+ $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 11%
$150-200K 5%
$800K-$1M 1%
0-$150K 3%
$600K-$800K 6%
Annual Residential Sales Year-to-date as of February
871 800 600
549
575
2013
2014
673
681
716
2015
2016
2017
896
866
2020
2021
769
462
400 200 0 2012
2018
2019
Spokane County Market Report | February 2021
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of February
New
Re-Sa le
800 600 777 400 200 0
598
574
626
745
721
658
458
498
48
91
77
75
107
90
94
111
151
156
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
414
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of February
Re-Sa le
$427
New
$400K
$341
$300K $200K
$374
$258
$225 $148
$280
$270 $155
$153
$269 $194
$179
$171
$284
$335
$269
$239
$215
$361
$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
$206
New
$195
$189 $180
$140
$139
$141
$145
$145
May '20
June '20
$149
$189
$181
$178
$177
$176
$174
$155
$155
Aug '20
Sep '20
$155
$194
$189
$152
$154
Nov '20
De c '20
$189
$157
$165
$100 Mar '20
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Apr '20
Spokane County Market Report | February 2021
July '20
Oct '20
Jan '21
Feb '21
Annual New Construction Sales Year-to-date as of February
156
151 150
120
111
107 94
90 90
60
30
0 2016
2017
2018
2019
2020
2021
Comparison New Construction Sales YTD year-over-year comparison as of February
2020
80
2021 72 66
70 60 50 40
36 26
30 20
19
22
29
21
10 0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | February 2021
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