September 2021
Housing market shows signs of a fall cooldown as inventory rises. Average Sales Price
Current Listing Inventory
Average Days On Market
$414,223
575
9
Up 24.4%
Up 22.1%
Down 53.8%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$385,000
765
6,029
Up 22.8%
Up 2.7%
Up 3.2%
September 2021, as compared to September 2020. Information pulled on 10/01/2021 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 | September 2021
Average Days On Market For the month of September 2021, month/year comparison 80
2017
2018
2019
2020
2021
70 60 50 40 30 20
17
13
10
7
10
7
6
9
6
9
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Annual Average Sales Price Year-to-date as of September
$398 $400K $320K $240K
$186
$197
$228
$183
$213
$175
2012
2013
2014
2015
2016
2017
$255
$315
$283
$160K $80K $0K 2018
2019
2020
2021
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
3.90% 3.70% 3.50% 3.18%
3.30% 3.10% 2.90%
2.88%
2.98%
2.97% 2.81%
2.71%
2.67%
Nov '20
De c '20
2.70%
2.95%
3.01%
2.98% 2.80%
2.73%
2.87%
2.50% Sep '20
Oct '20
Jan '21
Feb '21
Mar '21
Apr '21
May '21 June '21 July '21
Aug '21
Sep '21
Spokane County Market Report | September 2021
3
Active Residential Listings As of 10/1/2021, month/year comparison
2017
2018
2019
2020
2021
2000 1500 1000 500
163
265
236
229
163
136
418
575
408
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 10/1/2021
200
2020
2021
$800K-$1M 8%
160 120 80 40
31 24
47 46
38
61
74
55 62
113
101
97 79
68
79 63
77 57
$600K-$800K 14%
72
62 34
43
200K-$250K 6% $250K-300K 9% $300K-$350K 8%
$350K-$400K 12%
$500K-$600K 12% + $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
Spokane County Market Report | September 2021
$150-200K 2%
58
15
0
4
$1M+ 0-$150K 3% 7%
$450K-$500K 9%
$400K-$450K 10%
Residential Closed Sales For the month of of September 2021, month/year comparison
2017
1000
2018
2019
2020
2021
732 750 567 442
500
717
636
558
765
710
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 September
200 160
140 118 124
120 68 30
14
$400K-$450K 14%
$350K-$400K 16%
2021
$450K-$500K 7%
138 118
103
95
80 40
2020
176
165
71
56
48
64 67
24
$500K-$600K 12%
93 51 9
25 3
17
$300K-$350K 14%
+
$250K-300K 11%
$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
$600K-$800K 11% 200K-$250K $150-200K 0-$150K 6% 3% 1%
$800K-$1M 3%
Annual Residential Sales Year-to-date as of September
7000 6000
5277
5000 4000
4189
4306
2013
2014
5643
6011
6322 5760
5844
6029
2019
2020
2021
3340
3000 2000 2012
2015
2016
2017
2018
Spokane County Market Report | September 2021
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of September
New
7000
Re-Sa le
6000 5000 4000 3000 2000
5019
5466
5690
4753
5126
5082
5275
3668
3836
342
521
470
524
624
545
632
634
762
755
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2988
1000 0
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of September
$500K
Re-Sa le
$453
New
$400K $300K $200K
$168
$269
$251
$240
$219
$203
$188
$176
$173
$348
$319
$288
$279
$391
$305
$272
$244
$382
$374
$100K $0K 2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Average Price Per Square Foot Monthly Re-Sale vs New Construction comparison
$260
Re-Sa le
New
$232
$227 $220 $189 $180
$155
$194
$189 $152
$154
Nov '20
De c '20
$210
$206 $189 $157
$165
$172
$177
$188
$199
$195
$230
$228
$216
$213
$197
$193
Aug '21
Sep '21
$140 $100 Oct '20
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Spokane County Market Report | September 2021
Jan '21
Feb '21
Mar '21
Apr '21
May '21
June '21
July '21
Annual New Construction Sales Year-to-date as of September
850 762
755
2020
2021
750
650
624
632
634
2018
2019
545
550
450
350
250 2016
2017
Comparison New Construction Sales YTD year-over-year comparison as of September
2020
2021
400
366 302
320
220
240
160
146
140 114 86 62
80
0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | September 2021
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