September 2022
In September 2022, Spokane home prices were up 7. 0 % compared to last year, selling for a median price of $ 406,750 . On median, homes in Spokane sell after 17 days on the market, up 2 4 0.0 % from last year in Septembe r There were 54 4 homes sold in Septembe r this year, down from 85 1 last year.
Average Sales Price
Current Listing Inventory
Days On Market
Up 1. 6 % from prior month
Up 9. 9 % from prior year
Median Sales Price
U p 0. 5 % from prior month
Up 68. 4 % from prior year
Residential Closed Sales
Up 21. 4 % from prior month Up 240. 0 % from prior year
Annual Residential Closed Sales
Down 2. 7 % from prior month
Up 7. 0 % from prior year
Information pulled on 10/03/2022
Down 18. 1 % from prior month
Down 36. 1 % from prior year
Down 15. 1 % from prior year
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
$453,815
$406,750
1,081
544
17
5,245
Spokane County Market Report | September 20222
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 0 10 20 30 40 50 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-07 Median Days On Market As of 10/3/2022 . By month dating from January 2018 to Septembe 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 Septembe 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 $295 $368 $425 $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, September 29, 2022. 3.01% 3.14% 3.10% 3.11% 3.55% 3.89% 4.67% 5.10% 5.10% 5.70% 5.30% 5.66% 6.70% 2.50% 3.25% 4.00% 4.75% 5.50% 6.25% 7.00% Sep '21 Oct '21 Nov '21 Dec '21 Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Spokane County Market Report | September 2022 3
Active
As of 10/3/2022
month dating
January 2018 to September 2022.
Spokane County Market Report | September 20224
Residential Listings
. By
from
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 10/3/2022 915 1177 1457 1349 838 1090 1437 1053 583 709 677 521 225 276 500 563 224 412 1008 1081 0 200 400 600 800 1000 1200 1400 1600 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-07 24 15 46 74 62 97 79 77 101 113 62 58 35 20 51 89 122 169 116 153 183 212 108 92 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 1% 200K $250K 4% $250K 300K 7% $300K $350K 9% $350K $400K 12% $400K $450K 9% $450K $500K 11% $500K $600K 13% $600K $800K 16% $800K $1M 8% $1M+ 7% New Residential Listings As of 10/3/2022 . By month dating from January 2018 to Septembe r 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 897 842 200 400 600 800 1000 1200 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-07
Spokane County Market Report | September 2022 5 Residential Closed Sales As of 10/3/2022 . By month dating from January 2018 to Septembe r 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 604589 544 300 400 500 600 700 800 900 1000 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-07 Annual Residential Closed Sales Year to date as of Septembe r Closed Sales is the number of properties sold. 6060 6386 5818 5916 6175 5245 5000 5200 5400 5600 5800 6000 6200 6400 6600 2017 2018 2019 2020 2021 2022 14 24 56 95 118 138 118 64 103 93 25 1723 12 21 62 91 99 88 60 80 76 28 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 4% $150 200K 2% 200K $250K 3% $250K 300K 9% $300K $350K 14% $350K $400K 15% $400K $450K 13% $450K $500K 9% $500K $600K 12% $600K $800K 12% $800K $1M 4% Sold Listings By Price Range Year over year comparison for the month of Septembe r
Months Supply of Inventory
As of 10/3/2022 . By month dating from January 2018 to Septembe r 2022. Months Supply of Inventory is the number of months it would take to sell the available inventory at the current rate.
2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042020-07
Sale-to-List Price Ratio
As of 10/3/2022 . By month dating from January 2018 to Septembe r 2022. Sale
of sales price divided by the final list price expressed as a percentage.
to List Price Ratio is the average
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 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% 99.1% 98.0% 99.0% 100.0% 101.0% 102.0% 103.0% 104.0% 105.0% 106.0% 107.0% 108.0% 2018-012018-042018-072018-102019-012019-042019-072019-102020-012020-042020-072020-102021-012021-042021-072021-102022-012022-042022-07 Spokane County Market Report | September 20226
Sales Price
550 633 633 767 772 600 5510 5753 5185 5149 5402 4645 0 1000 2000 3000 4000 5000 6000 7000 2017 2018 2019 2020 2021 2022 New Re-Sale
Sales Year to date Re Sale vs New Construction as of Septembe r Closed Sales is the number of properties sold. Annual Median
Year to date Re Sale vs New Construction as of September.. 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 $280 $357 $405 $299 $330 $352 $356 $435 $498 $150K $225K $300K $375K $450K $525K 2017 2018 2019 2020 2021 2022 Re-Sale New Median Price Per Square Foot As of 10/3/2022 . Monthly Re Sale vs New Construction comparison. Price per Square Foot is the mid point (median) PPSF of all closed listings. $193 $186 $192 $192 $203 $211 $223 $218 $221 $206 $206 $202 $244 $253 $243 $266 $243 $246 $273 $265 $269 $270 $267 $267 $175 $200 $225 $250 $275 Oct '21 Nov '21 Dec '21 Jan '22 Feb '22 Mar '22 Apr '22 May '22 June '22 July '22 Aug '22 Sep '22 Re-Sale New Spokane County Market Report | September 2022 7
