Top 3 New Spokane Real Estate Listings – August 20, 2024

As the summer season progresses, Spokane’s real estate market showcases an interesting variety of new listings. Among these, three properties stand out due to their unique features, competitive pricing, and superb locations. These homes are all new to the market and offer excellent opportunities for potential buyers.

Featured Properties

First on the list is 1914 E Mission Ave, Spokane, WA 99202. Priced at $360,000 and represented by JOHN L SCOTT, INC., this historic property was built in 1905. It has been updated with modern amenities, offering 5 bedrooms, 2 bathrooms, and 2,288 square feet of living space, complemented by a detached garage.

The second property, located at 1025 W 14th Ave, Spokane, WA 99203, is listed for $670,000 with 4 DEGREES REAL ESTATE. This larger home accommodates 5 bedrooms and 3 bathrooms within its 3,326-square-foot expanse, making it ideal for families needing more space.

Lastly, 8900 S Mullen Hill Rd #32, Spokane, WA 99224, is an affordable option listed at $150,000 by WINDERMERE NORTH. This property offers 3 bedrooms and 2 bathrooms across 1,809 square feet, making it a great value in the current market.

Market Analysis and Trends

Understanding the broader market context is crucial for buyers and sellers. As of July 2024, Spokane County had 2,614 homes for sale, an 8.3% increase from June 2024. Despite the growth in listings, sales activity saw a slight decline, with 547 homes sold, marking a 7.4% decrease from the previous month.

The median home sold price in Spokane County in July 2024 was $424,306. Homes typically spent an average of 24 days on the market in July 2024, up by 34.7% since July 2023. This increase in average days on market indicates a slight cooling in the market, providing buyers with more choices.

Additionally, 39.3% of homes sold below asking price in July 2024, suggesting room for negotiation in many transactions. Inventory trends also varied by bedroom count, with notable increases in 1-bedroom and 4-bedroom homes. Overall, various local real estate agents are available to assist prospective buyers and sellers with their needs, ensuring a smooth process. For more detailed listings and professional assistance, visit forsalespokane.com.