Real Estate Market Update for 99201 (Spokane, WA)

Video: Real Estate Community Tour for 99201 (Spokane, WA)

See Real estate community tour for 99201 (Spokane, WA)
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was stable from one year earlier, and up 3% from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just under 130-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 65%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold decreased 35% year-over-year, and decreased 8% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 99201 (Spokane, WA)
Area Information for 99201 (Spokane, WA)
  • Population: 13,779
  • Median Age: 38.38 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 5
  • Sales Tax: 8%
  • Population Density: 4,590/sq mi
  • Population Change Since 2000: .42%
  • Closest Airport: Spokane International
  • Closest College: Washington State Univ-spokane Campus
  • Closest Jr. College: Spokane Falls Community College
  • Median Household Income: $28,981
  • Annual Residential Turnover: 31%
  • Median Home Sales Price: $129,900
  • Closest Major Sports Team: Spokane Indians (a)
  • Change Avg. Household Income Since 2000: 71.09%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 99201 (Spokane, WA)
Median Age: 38.38 Married: 20% Number of Households: 7,056 Households with Children: 960
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 99201 (Spokane, WA)

      School Name Distance Type Grades School Rating Parent Rating
      Bryant Center 0.1 mi Public PRESCHOOL-12 3 0
      Structural Alt Confinement School 0.4 mi Public 8-12 0 0
      Spokane Regional Health District 0.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      Holmes Elementary School 0.6 mi Public K-6 0 0
      First Presbyterian Christian School 1.0 mi Private PRESCHOOL-3 0 0
      Little Red School House Children Center 1.0 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 99201 (Spokane, WA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.