Is Mead, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mead has remained a Seller's Market.
Housing Prices in Mead, WA
How much do homes in Mead, WA cost?
Median Sold Price
$473,995
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mead was $473,995 in May 2024, up 4.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $253.5K | $130K | -48.7% |
2 Bedrooms | $262.5K | $585K | +122.9% |
3 Bedrooms | $415K | $415K | 0.0% |
4 Bedrooms | $500K | $473.9K | -5.2% |
5+ Bedrooms | $599K | $600K | 0.2% |
Summary: Mead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.7%, 2 bedroom homes increased by 122.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
Mount Spokane | $616.2K | $660K | +7.1% |
Mead | $453.5K | $473.9K | +4.5% |
Colbert | $609K | $599.9K | -1.5% |
Newman Lake | $500K | $477.5K | -4.5% |
Chattaroy | $630K | $587.5K | -6.7% |
Housing Supply in Mead, WA
How many homes are available in Mead, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Summary: The Mead real estate market had 35 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 10 | 18 | +80.0% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Mead 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Mead in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.
Days on Market for Mead, WA
How long does it take to sell a home in Mead, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 14 Days | +374.1% |
Summary: Homes in Mead had an average of 14 days on market in May 2024, up by 374.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Mead; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.