March 2021
Continued low inventory and high demand drive high prices in strong seller's market. Average Sales Price
Current Listing Inventory
Average Days On Market
$372,515
163
10
Up 20.6%
Down 74%
Down 58.3%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$340,550
567
1,466
Up 17.5%
Down 1.7%
Down 1.4%
March 2021, as compared to March 2020. Information pulled on 04/01/2021 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.
2
Spokane County Market Report | March 2021
Average Days On Market For the month of March 2021, month/year comparison 80
2017
2018
2019
2020
2021
70 60 50 40 30 20
17
13
10
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 March $358
$360K $294
$300K $240K $180K
$162
$170
$175
$183
2012
2013
2014
2015
$198
$212
2016
2017
$263
$263
2018
2019
$120K $60K $0K 2020
2021
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
3.90% 3.70% 3.50%
3.29%
3.33%
3.30%
3.23%
3.18%
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% Mar '20
Apr '20
May '20 June '20 July '20
Aug '20
Sep '20
Oct '20
Jan '21
Feb '21
Mar '21
Spokane County Market Report | March 2021
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Active Residential Listings As of 4/1/2021, month/year comparison
2017
2018
2019
2020
2021
2000 1500 1000 500
163
163
136
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 4/1/2021 112
2020
100
78
72
75
61 49
50 25
14
16
16
24
$600K+ 34%
$250K-300K 10%
28 16
16
15
10
$300K-$350K 7%
Spokane County Market Report | March 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 7% 200K-$250K 7%
51
43
34
33
29 19
0-$150K 6%
2021
$500K-$600K 12% $450K-$500K 4%
$350K-$400K 7% $400K-$450K 6%
24130 E Dreamwood Circle, Liberty Lake
Residential Closed Sales For the month of of March 2021, month/year comparison
2017
1000
2018
2019
2020
2021
750 567 442
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 March
137
150 113
125
2020 107 109 107
$350K-$400K 16%
2021
$400K-$450K 9% $450K-$500K 6%
$300K-$350K 16%
103
100 67
75 44
50
25
59
58
59
55
47
41 40
39
34
26
25
25
16 2
2
13
$500K-$600K 8%
$250K-300K 16%
$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
$800K-$1M 2%
0-$150K 4%
5%
Annual Residential Sales Year-to-date as of March
1474
1600 1200 821
951
961
2013
2014
1170
1187
2015
2016
1281
1487
1466
2020
2021
1230
800 400 0 2012
2017
2018
2019
Spokane County Market Report | March 2021
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of March
New
1800
Re-Sa le
1500 1200 900 600 300
1031
1023
1114
1299
1232
1214
1076
802
836
82
149
125
139
164
167
175
154
255
252
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
739
0
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of March $500K
Re-Sa le
$427
New $377
$400K $300K $200K
$155
$270
$249
$226
$337
$303
$273 $199
$186
$170
$161
$156
$276
$367
$247
$218
$344
$279
$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 $141
$145
$145
May '20
June '20
$149
$189
$181
$178
$177
$176
$210
$206 $195
$155
$155
Aug '20
Sep '20
$155
$194
$189
$152
$154
Nov '20
De c '20
$189 $157
$165
$172
$140
$100 Apr '20
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Spokane County Market Report | March 2021
July '20
Oct '20
Jan '21
Feb '21
Mar '21
Annual New Construction Sales Year-to-date as of March
280 255
252
2020
2021
240
200 164
167
2016
2017
175 154
160
120
80
40
0 2018
2019
Comparison New Construction Sales YTD year-over-year comparison as of March
2020
2021
125 112
109
100
75 56
51
54
50 37
32
34
25
0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | March 2021
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