October 2022
In October 2022, Spokane home prices were up 6. 8 % compared to last year, selling for a median price of $395,750. On median, homes in Spokane sell after 16 days on the market, up 128. 6 % from last year in October. There were 45 6 homes sold in October this year, down from 62 8 last year.
Average
Down 5. 0 % from prior month
Up 7. 7 % from prior
Median
Down 3. 5 % from prior
Up 6. 8 % from prior
Current
Down 6. 8 % from prior month
Up 86.1% from prior year
Even 0. 0 % from prior month Up 128. 6 % from prior year
Annual Residential Closed
Down 27. 4 % from prior month
Down 37. 9 % from prior year
Down 16.2% from prior year
Sales Price
Listing Inventory Median Days On Market $434,485
year
Sales Price $395,750
month
year 1,048
456
Residential Closed Sales 16
5,79 2
Sales Spokane County Market Report | October 20222 Information pulled on 11/01/2022 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.
Median Days On Market
Annual Median Sales Price
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 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
As of 11/1/2022 . By month dating from January 2018 to October 2022. Days on Market is the median number of days between when a property is listed and the contract date.
Year to date as of Octobe r 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 $298 $369 $420 $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, October 27, 2022. 3.14% 3.10% 3.11% 3.55% 3.89% 4.67% 5.10% 5.10% 5.70% 5.30% 5.66% 6.70% 7.08% 2.50% 3.25% 4.00% 4.75% 5.50% 6.25% 7.00% Oct '21 Nov '21 Dec '21 Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Oct '22 Spokane County Market Report | October 2022 3
Active
Listings
Spokane County Market Report | October 20224
Residential
As of 11/1/2022 . By month dating from January 2018 to October 2022. 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 As of 11/1/2022 915 1177 1457 1349 838 1090 1437 1053 583 709 677 521 225 276 500 563 224 412 1008 1048 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 12 15 36 62 49 67 68 68 104 106 50 5141 25 45 121 113 152 125 144 165 201 74 78 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 10%$450K $500K 11% $500K $600K 13% $600K $800K 16% $800K $1M 6% $1M+ 6% New Residential Listings As of 11/1/2022 . By month dating from January 2018 to October 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 658 200 400 600 800 1000 1200 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-072022-10
Residential Closed Sales
Spokane County Market Report | October 2022 5
As of 11/1/2022 . By month dating from January 2018 to October 2022. Closed Sales is the number of properties sold. 472 620 911 697 368 574 860 851 458 548 928 870 465 654 849 732 432 607 604 456 300 400 500 600 700 800 900 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 October. Closed Sales is the number of properties sold. 6873 7083 6669 6786 6909 5792 5500 5800 6100 6400 6700 7000 7300 2017 2018 2019 2020 2021 2022 23 19 50 100 117 126 106 66 86 83 22 1016 10 34 59 79 80 63 50 58 61 20 21 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 October.
Months Supply of Inventory
As of 11/1/2022 . By month dating from January 2018 to October 2022. 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 11/1/2022 . By month dating from January 2018 to October 2022. Sale 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 0 0.3 0.6 0.9 1.2 1.5 1.8 2.1 2.4 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042020-072022-10 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% 98.0% 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 | October 20226
Annual Residential Closed Sales
Annual Median Sales Price
634 711 740 884 852 672 6239 6372 5929 5902 6057 5120 0 1500 3000 4500 6000 7500 2017 2018 2019 2020 2021 2022 New Re-Sale
Year to date Re Sale vs New Construction as of Octobe r Closed Sales is the number of properties sold.
Year to date Re Sale vs New Construction as of Octobe 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 $285 $358 $402 $300 $335 $350 $360 $441 $499 $150K $225K $300K $375K $450K $525K 2017 2018 2019 2020 2021 2022 Re-Sale New Median Price Per Square Foot As of 11/1/2022 . Monthly Re Sale vs New Construction comparison. Price per Square Foot is the mid point (median) PPSF of all closed listings. $186 $192 $192 $203 $211 $223 $218 $221 $206 $206 $202 $196 $253 $243 $266 $243 $246 $273 $265 $269 $270 $267 $267 $268 $175 $200 $225 $250 $275 $300 Nov '21 Dec '21 Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Oct '22 Re-Sale New Spokane County Market Report | October 2022 7
