Emerson / Garfield Housing Market Report April 2025Spokane County, Washington

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Housing Prices in Emerson / Garfield, WA

How much do homes in Emerson / Garfield, WA cost?

Housing Market Conditions

Is Emerson / Garfield, 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

Emerson / Garfield is a Seller's Market

Difference Since April 2024

Since last year, Emerson / Garfield has remained a Seller's Market.

Insight

Emerson / Garfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$307,000$173/SqFt
-$8,000
-2.5%

Based on all homes sold in the last 12 months

Insight

Homes in Emerson / Garfield have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Emerson / Garfield was $307,000 in April 2025, down 2.5% from last year, and the median price per square foot was $173.

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.
BedsApr 2024Apr 2025Change YoY
1$247.5K$199.5K
-19.4%
2$276K$260K
-5.8%
3$312.5K$309K
-1.1%
4$340K$350K
+2.9%
5$424.1K$353.1K
-16.8%

Summary: Emerson / Garfield housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -19.4%. The home price for 2 bedroom homes decreased by -5.8%. The home price for 3 bedroom homes decreased by -1.1%. The home price for 4 bedroom homes increased by +2.9%. The home price for 5 bedroom homes decreased by -16.8%.

How does Emerson / Garfield, WA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Emerson / Garfield, WA

Housing supply in Emerson / Garfield, WA

How many homes are available in Emerson / Garfield, 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
42Last MonthApr 2025
462 months agoMar 2025
-8.7 %
Change MoMMar – Apr

Summary: The Emerson / Garfield real estate market had 42 homes for sale in Apr 2025, a 8.7 % decrease compared to Mar 2025.

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
13Last MonthApr 2025
142 months agoMar 2025
-7.1 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
111
0.0%
285
-37.5%
32422
-8.3%
41113
+18.2%
521
-50.0%

Summary: Emerson / Garfield housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -37.5%. The inventory for 3 bedroom homes decreased by -8.3%. The inventory for 4 bedroom homes increased by +18.2%. The inventory for 5 bedroom homes decreased by -50.0%.

Asking Price vs. Sold Price

How much do homes in Emerson / Garfield, 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 Price7 Homes

At Asking Price6 Homes

Under Asking Price0 Home

Insight

If you're buying a home in Emerson / Garfield, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Emerson / Garfield in April 2025, down by 7.1% month-over-month. Of the 13 sold homes, 0% were sold under asking, 46% were sold at asking, and and 54% were sold over asking.

Days on Market for Emerson / Garfield, WA

How long does it take to sell a home in Emerson / Garfield, WA?

Breakdown of Home Sale Times

Under 30 Days9 Homes

30 – 90 Days3 Homes

Over 90 Days1 Home

Insight

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

Summary: During April 2025, 13 homes were sold in Emerson / Garfield; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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
25 DaysThis YearApr 2025
6 Days1 year agoApr 2024
+281.8 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Emerson / Garfield had an average listing age of 25 days in Apr 2025, up by 281.8% compared to the previous year.

Newest Listings in Emerson / Garfield, WA

What homes are available in Emerson / Garfield, WA?

MLS Disclaimers and Copyright

Based on information from Spokane Association of REALTORS® MLS, Northwest Multiple Listing Service, and Coeur d'Alene MLS for the period 05/01/2023 - 05/01/2025

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. Properties displayed may be listed or sold by various participants in the MLS.

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: 5/2/2025, 2:10:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Northwest Multiple Listing Service 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. Properties displayed may be listed or sold by various participants in the MLS.

IDX The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service 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 © 2025 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 2:17:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. Copyright © 2025 Coeur d’Alene Multiple Listing Service, Inc. 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: 5/2/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.