Millwood Housing Market Report May 2025•Spokane County, Washington

hero building illustration for mobile

Housing Prices in Millwood, WA

How much do homes in Millwood, WA cost?

Housing Market Conditions

Is Millwood, 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

Millwood is a Seller's Market

Difference Since May 2024

Since last year, Millwood has remained a Seller's Market.

Insight

Millwood 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.
$394,975$194/SqFt
+$19,975
+5.3%

Based on all homes sold in the last 12 months

Insight

Homes in Millwood have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Millwood was $394,975 in May 2025, up 5.3% from last year, and the median price per square foot was $194.

Median Sold Price By Cities

Median Sold Price By Cities
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
Millwood
+5.3%
Spokane Valley
+3.1%

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.
BedsMay 2024May 2025Change YoY
1-$260K
N/A
2$285K$262.5K
-7.9%
3$380K$395K
+3.9%
4$385K$415K
+7.8%
5$355K$486K
+36.9%

Summary: Millwood housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -7.9%. The home price for 3 bedroom homes increased by +3.9%. The home price for 4 bedroom homes increased by +7.8%. The home price for 5 bedroom homes increased by +36.9%.

How does Millwood, WA compare with other places?

Market comparison tool

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

Millwood, WA

Housing supply in Millwood, WA

How many homes are available in Millwood, 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
12Last MonthMay 2025
92 months agoApr 2025
+33.3 %
Change MoMApr – May

Summary: The Millwood real estate market had 12 homes for sale in May 2025, a 33.3 % increase compared to Apr 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
3Last MonthMay 2025
12 months agoApr 2025
+200.0 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
111
0.0%
211
0.0%
335
+66.7%
422
0.0%
523
+50.0%

Summary: Millwood housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +66.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in Millwood, 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 Price0 Home

At Asking Price0 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Millwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Millwood in May 2025, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Millwood, WA

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

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

Summary: During May 2025, 3 homes were sold in Millwood; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 YearMay 2025
13 Days1 year agoMay 2024
+97.4 %
Change YoYMay 2024 – May 2025

Summary: Homes in Millwood had an average listing age of 25 days in May 2025, up by 97.4% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Millwood, WA

What homes are available in Millwood, WA?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Washington

MLS Disclaimers and Copyright

Based on information from Spokane Association of REALTORS® MLS, for the period 06/01/2023 - 06/01/2025

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.

DMCA Notice

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: 6/12/2025, 2:55:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.