May 2024
423,475
1,163
9
519
2,118
Median Days On Market
As of 6/3/2024 . By month dating from January 2020 to May 2024. Days on Market is the median number of days between when a property is listed and the contract date.
Annual Median Sales Price
$250 $280 $347 $423 $400 $415 $225K $275K $325K $375K $425K 2019 2020 2021 2022 2023 2024 Average Sales Price Current Listing Inventory Median Days On Market $459,170 Up
prior
Up
year Median
from prior month Up
from prior year
1. 9 % from
month
3.2% from prior
Sales Price $
Down 0. 6 %
1. 9 %
Up 32.6% from prior month Up 45.9% from prior year
Up 9. 0 % from prior month Down 9.6 % from prior year Residential Closed Sales
Up 50. 0 % from prior month U p 50.0 % from prior year
Down 0.3%
prior year Annual
Spokane County Market Report | December 2022 2 Information pulled on 06/03/2024 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.
from
Residential Closed Sales
Year
Median Sales Price is the mid - point (median) value where the price for half of the closed sales is higher and half is lower. 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 23 9 7 6 7 8 12 14 15 20 20 28 20 14 10 6 9 0 5 10 15 20 25 30 35 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04
- to - date as of May.
Spokane County Market Report | May 2024 2
Months Supply of Inventory
As of 6/3/2024 . By month dating from January 2020 to May 2024. Months Supply of Inventory is the number of months it would take to sell the available inventory at the current rate.
Sale-to-List Price Ratio
As of 6/3/2024 . By month dating from January 2020 to May 2024. Sale - to - List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.
Monthly Mortgage Rates
Monthly 30 - year fixed mortgage rates highlighting the week ending Thursday, Ma y 30, 2024.
1.3 1.2 1.2 1.3 1.3 0.8 0.7 0.7 0.7 0.6 0.5 0.3 0.5 0.4 0.4 0.4 0.4 0.4 0.6 0.6 0.8 0.8 0.6 0.4 0.5 0.6 0.5 0.7 0.8 1.1 1.7 1.6 1.8 2.1 2.1 1.7 2.3 2 1.3 1.7 1.5 1.7 2.3 2 2.3 2.7 2.9 2.1 2.9 2.2 1.8 2 2.2 0 0.4 0.8 1.2 1.6 2 2.4 2.8 3.2 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2020-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04
99.4% 101.3% 101.5% 101.7% 101.2% 105.4% 105.3% 103.0% 101.4% 105.0% 101.2% 99.4% 98.7% 99.8% 99.8% 99.1% 98.7% 100.0% 100.2% 98.0% 99.0% 100.0% 101.0% 102.0% 103.0% 104.0% 105.0% 106.0% 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04 Spokane County Market Report | May 2024 3
6.79% 6.71% 6.81% 7.18% 7.31% 7.79% 7.22% 6.61% 6.63% 6.94% 6.79% 7.17% 7.03% 6.00% 6.25% 6.50% 6.75% 7.00% 7.25% 7.50% 7.75% 8.00% May '23 June '23 July '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24
Active Residential Listings
As of 6/3/2024 . By month dating from January 2020 to May 2024. Active Inventory is the number of properties for sales at the end of the month, based on the contract date.
Active Listings By Price Range
New Residential Listings
As of 6/3/2024 . By month dating from January 2020 to May 2024. New Listings is the
Spokane County Market Report | May 2024 4
As of 6/3/2024 583 709 677 521 225 276 500 563 224 412 1008 1048 566 658 1,014 1096 703 851 1163 0 200 400 600 800 1000 1200 1400 1600 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04 0 6 10 34 35 81 83 100 143 107 64 101 4 19 29 72 74 128 124 142 188 238 120 132 0 50 100 150 200 250 0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M $1M+ 2023 2024 0-$150K 0% $150-200K 2% 200K-$250K 2%$250K-300K 6% $300K-$350K 6% $350K-$400K 10% $400K-$450K 10% $450K-$500K 11% $500K-$600K 15% $600K-$800K 19% $800K-$1M 9% $1M+ 10%
638 686 1001 805 509 782 981 789 483 861 1001 658 517 748 798 643 631 911 1043 200 400 600 800 1000 1200 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-04 2023-07 2023-10 2024-01 2024-04
number of properties listed regardless of current status
Residential Closed Sales
As of 6/3/2024 . By month dating from January 2020 to May 2024. Closed Sales is the number of properties sold.
Sold Listings By Price Range
Year - over - year comparison for the month of May.
Annual Residential Closed Sales
Year - to - date as of May.
Spokane County Market Report | May 2024 5
458 548 928 870 465 654 849 732 432 607 604 456 250 377 444 402 245 429 519 200 300 400 500 600 700 800 900 1000 2020-01 2020-04 2020-07 2020-10 2021-01 2021-04 2021-07 2021-10 2022-01 2022-04 2022-07 2022-10 2023-01 2023-042023-07 2023-10 2024-01 2024-04
Closed Sales is the number of properties sold. 2510 2584 2878 2670 2125 2118 2000 2200 2400 2600 2800 3000 2019 2020 2021 2022 2023 2024 3 4 14 36 75 86 77 69 75 64 16 12 2 5 15 42 72 105 83 71 61 76 22 25 0 20 40 60 80 100 0-$150K$150-200K200K-$250K$250K-300K$300K-$350K$350K-$400K$400K-$450K$450K-$500K$500K-$600K$600K-$800K$800K-$1M $1M+ 2023 2024 0-$150K 0% $150-200K 1% 200K-$250K 3% $250K-300K 7% $300K-$350K 13% $350K-$400K 18% $400K-$450K 14% $450K-$500K 12% $500K-$600K 11% $600K-$800K 13% $800K-$1M 4%
Annual Residential Closed Sales
Year - to - date Re - Sale vs New Construction as of May. Closed Sales is the number of properties sold.
Annual Median Sales Price
Year - to - date Re - Sale vs New Construction as of May. Sales Price is the mid - point (median) value where the price for half of the closed
Median Price Per Square Foot
As of 6/3/2024 . Monthly Re - Sale vs New Construction comparison. Price per Square Foot is the mid - point (median) PPSF of all closed listings.
311 379 434 358 357 423 2199 2205 2444 2312 1768 1695 0 400 800 1200 1600 2000 2400 2800 2019 2020 2021 2022 2023 2024 New Re-Sale
$240 $267 $330 $402 $380 $396 $348 $346 $420 $497 $480 $454 $150K $200K $250K $300K $350K $400K $450K $500K $550K 2019 2020 2021 2022 2023 2024 Re-Sale New
sales is higher and half is lower.
$205 $209 $203 $202 $194 $200 $195 $185 $193 $199 $216 $211 $259 $266 $257 $260 $254 $235 $248 $242 $238 $263 $242 $247 $150 $175 $200 $225 $250 $275 $300 June '23 July '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 Re-Sale New Spokane County Market Report | May 2024 6
TheinformationinthisreportiscompiledfromareportgivenbytheSpokaneAssociationofREALTORS®andtothebestofourknowledgeisaccurateandcurrent.
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