Is Greenacres, 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, Greenacres was a Seller's Market.
Key Takeaway
Greenacres is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Greenacres, WA
How much do homes in Greenacres, WA cost?
Median Sold Price
$495,277
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greenacres have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in Greenacres was $495,277 in May 2024, down 9.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $735K | $225K | -69.4% |
| 2 Bedrooms | $417.5K | $370K | -11.4% |
| 3 Bedrooms | $447K | $445K | -0.4% |
| 4 Bedrooms | $597.5K | $550K | -7.9% |
| 5+ Bedrooms | $770.7K | $695K | -9.8% |
Summary: Greenacres housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.4%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Veradale | $505K | $525K | +4.0% |
| Liberty Lake | $530K | $544.5K | +2.7% |
| Spokane Valley | $411K | $418K | +1.7% |
| Greenacres | $549.6K | $495.2K | -9.9% |
Housing Supply in Greenacres, WA
How many homes are available in Greenacres, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 113 | 117 | +3.5% |
Summary: The Greenacres real estate market had 117 homes for sale in May 2024, a 3.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 44 | 49 | +11.4% |
| 4 Bedrooms | 41 | 34 | -17.1% |
| 5+ Bedrooms | 23 | 30 | +30.4% |
Summary: The Greenacres housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 30.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 19 | -44.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenacres, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Greenacres in May 2024, down by 44.1% month-over-month. Of the 19 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Greenacres, WA
How long does it take to sell a home in Greenacres, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 32 Days | +49.5% |
Summary: Homes in Greenacres had an average of 32 days on market in May 2024, up by 49.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Greenacres are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Greenacres; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.