Is Cliff / Cannon, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cliff / Cannon was a Seller's Market.
Key Takeaway
Cliff / Cannon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cliff / Cannon, WA
How much do homes in Cliff / Cannon, WA cost?
Median Sold Price
$445,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cliff / Cannon have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Cliff / Cannon was $445,000 in May 2024, up 11.3% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $170K | -2.9% |
| 2 Bedrooms | $275K | $300K | +9.1% |
| 3 Bedrooms | $435K | $478K | +9.9% |
| 4 Bedrooms | $487.5K | $560K | +14.9% |
| 5+ Bedrooms | $1.0M | $600K | -43.9% |
Summary: Cliff / Cannon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 43.9%.
Housing Supply in Cliff / Cannon, WA
How many homes are available in Cliff / Cannon, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 59 | +43.9% |
Summary: The Cliff / Cannon real estate market had 59 homes for sale in May 2024, a 43.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 10 | +66.7% |
| 2 Bedrooms | 7 | 19 | +171.4% |
| 3 Bedrooms | 13 | 7 | -46.2% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Cliff / Cannon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 171.4%, 3 bedroom homes decreased by 46.2%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cliff / Cannon, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Cliff / Cannon in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Cliff / Cannon, WA
How long does it take to sell a home in Cliff / Cannon, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 5 Days | -85.1% |
Summary: Homes in Cliff / Cannon had an average of 5 days on market in May 2024, down by 85.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cliff / Cannon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Cliff / Cannon; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.