Single Family Residential
SPANAWAY, WA
For Sale vs. Sold
Home For Sale in May 2024: 85 units.
| • | Up 7.6% compared to last month |
| • | Up 28.8% compared to last year |
Home Closed in May 2024: 60 units.
| • | Up 3.4% compared to last month |
| • | Up 66.7% compared to last year |
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
Average Price per Square Footage
Average Sold Price per Square Footage in May 2024: $294
• Up 5.4% compared to last month • Up 14.4% compared to last year What Does Average Price per Sqft. Report Do?
It helps establish the market price for an average home.
It helps determine if there is any change in property value for a specific area in a specific price range.
Average Days on Market
Average Days on Market in May 2024: 24
• Down 20% compared to last month • Down 54.7% compared to last year
*Based on 6 month trend - Rising/Falling/Remains Steady
Median Sales Price
Average Median Sold Price in May 2024: $505
• Down 3.8% compared to last month • Up 5.6% compared to last year
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Months of Inventory
Months of Inventory based on Closed Sales in May 2024: 1.4
• 0% compared to last month • Down 21.8% compared to last year
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
GRAHAM, WA
For Sale vs. Sold
Home For Sale in May 2024: 29 units.
• Up 7.4% compared to last month • Up 107.1% compared to last year
Home Closed in May 2024: 19 units.
• Up 11.8% compared to last month • Up 46.2% compared to last year
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
Avg. Price per Square Feet
Average Sold Price per Square Footage in May 2024: $291
• Down 4% compared to last month • Up 4.7% compared to last year *Based on 6 month trend - Appreciating/Depreciating/Neutral
Avg. Days on Market
Average Days on Market in May 2024: 13
• Down 31.6% compared to last month • Down 76.8% compared to last year
*Based on 6 month trend - Rising/Falling/Remains Steady
Median Sales Price
Average Median Sold Price in May 2024: $550
| • | Down 10.6% compared to last month |
| • | Down 5.7% compared to last year |
*Based on 6-month trend - Appreciating/Depreciating/Neutral
Months of Inventory
Months of Inventory based on Closed Sales in May 2024: 1.5
• Down 6.3% compared to last month • Up 37.1% compared to last year
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
