98848 Housing Market Report December 2024•Grant County, Washington

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Housing Prices in 98848, WA

How much do homes in 98848, WA cost?

Housing Market Conditions

Is 98848, WA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

98848 is a Buyer's Market

Difference Since December 2023

Since last year, 98848 has remained a Buyer's Market.

Insight

98848 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$429,250$287/SqFt
+$44,250
+11.5%

Based on all homes sold in the last 12 months

Insight

Homes in 98848 have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in 98848 was $429,250 in December 2024, up 11.5% from last year, and the median price per square foot was $287.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
98848
+11.5%
98823
+4.6%
98828
-5.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$293K$174.5K
-40.4%
2$500K$522.5K
+4.5%
3$382K$415.7K
+8.8%
4$393.6K$502.5K
+27.7%
5$460K$527.5K
+14.7%

Summary: 98848 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -40.4%. The home price for 2 bedroom homes increased by +4.5%. The home price for 3 bedroom homes increased by +8.8%. The home price for 4 bedroom homes increased by +27.7%. The home price for 5 bedroom homes increased by +14.7%.

Housing supply in 98848, WA

How many homes are available in 98848, WA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
67Last MonthDec 2024
722 months agoNov 2024
-6.9 %
Change MoMNov – Dec

Summary: The 98848 real estate market had 67 homes for sale in Dec 2024, a 6.9 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
8Last MonthDec 2024
72 months agoNov 2024
+14.3 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
11313
0.0%
21514
-6.7%
33229
-9.4%
41110
-9.1%
511
0.0%

Summary: 98848 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -6.7%. The inventory for 3 bedroom homes decreased by -9.4%. The inventory for 4 bedroom homes decreased by -9.1%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 98848, WA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price3 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in 98848, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 98848 in December 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and and 13% were sold over asking.

Days on Market for 98848, WA

How long does it take to sell a home in 98848, WA?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days2 Homes

Over 90 Days3 Homes

Insight

Many homes in 98848 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 8 homes were sold in 98848; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
73 DaysThis YearDec 2024
86 Days1 year agoDec 2023
-15.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 98848 had an average listing age of 73 days in Dec 2024, down by 15.0% compared to the previous year.

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Newest Listings in 98848, WA

What homes are available in 98848, WA?

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MLS Disclaimers and Copyright

Based on information from Spokane Association of REALTORS® MLS, for the period 01/01/2023 - 01/01/2025

IDX Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 1:55:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.